Report: Online Music Sales Won’t Make Up For CD Declines

Sales of online downloadable music are picking up. But a new study says the sales won’t make up for the decline in CD sales. “Online analyst Jupiter Media has slashed its estimates for the amount record companies will be able to generate from online sales in 2003 to $800m (£490m). Although the figure refers only to the more developed US market, it spells bad news for record companies hoping to shore up declining CD sales worldwide.”