More money being spent on online music than ever before, Gartner says

More money is being spent purchasing music online than ever before according to a new report from Gartner.�The firm’s data suggests that consumer spending on online music will reach $6.3 billion this year, up from $5.9 billion in 2010. “As consumers opt for connected devices ? media tablets, smartphones and connected media players ? across world regions, their desire for access to and consumption of music and content is growing as well,” Gartner research vice president Mike McGuire said. “The primary stakeholders in the music industry are facing wrenching changes and a somewhat uncertain future. However, the next four to five years portend solid growth.” Read on for more. Subscription services will account for $532.1 million in end-user spending this

Source: http://www.bgr.com/2011/11/09/more-money-being-spent-on-online-music-than-ever-before-gartner-says/

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