Report: Global Music, Video Market Down 3.5% in 200722 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.