The music & video market is expected to continue to decline as piracy remains an issue and prices are driven down by intense price competition. As the demand for physical product continues to drop, digital sales are growing and provide a channel for future growth.
Highlights
The music market remains in freefall, with no sign of a return to growth on the horizon. Piracy remains a big issue despite efforts to steer consumers towards paid downloading and the prospect of legislation to push Internet Service Providers into banning individuals suspected of being involved in piracy.
With consumers cutting back on impulse purchasing the video market has been in decline since 2008. With shoppers budgeting tightly, the sector has lost out to growth of alternative interests, such as video games and social networks.
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