Asia 40% Of Global Music Market By 2011

PACIFIC RIM (Hypebot) –THE NUMBERS:

  • By 2011, the Asia Pacific region will represent 33% of the global music market, and 40% of global digital revenues.
  • The Asia Pacific music market will grow from 9 billion dollars US to 10 billion dollars by 2011
  • Physical sales will decline at a 9% compound annual rate
  • Digital music will grow at 30%
  • Asia constitutes 60% of the world's mobile music market. That's 3 times the size of the US with Japan, China and S. Korea cornering 95% of the Asian market.

    From PriceWaterhouseCoopers' Global Entertainment and Media Practice Leader Marcel Fenez in his presentation at Music Matters via Radio and Music.

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