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Report: Global Music, Video Market Down 3.5% in 2007

22 Jan, 2009 By: Chris Tribbey

The global music and video market was worth $64.2 billion in 2007, 3.5% less than in 2006, according to a new report from research firm Data Monitor.

However, the firm reports music and video entertainment will be a nearly $70 billion worldwide business by 2012, almost a 9% increase from 2007. DVD, Blu-ray Disc and other forms of movie and TV delivery account for about 58% of the pie, according to the report, with the Americas accounting for more than 47% of all global music and video revenue.

The report, “Music & Video: Global Industry Guide,” breaks down international market revenue beginning in 2003. For more information visit www.reportlinker.com, or call 805/652-2626.

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