Why Read This
Recorded music revenues declined by more than half in the past decade. The downward trend will continue for the next few years, with revenues stabilizing at around $5.5 billion in 2014. The primary reason for this is that CDs will decline at a compound annual growth rate (CAGR) of 14%, while revenues from digital music will grow at a CAGR of 13%. Forrester has also included a projection for digital music licensing revenues this year. The growth in digital music licensing will be modest and won't offset the decline in recorded music revenues.