Saturday, May 27, 2006

Overview Of China's Digital Music Market

From Wharton School University of Pennsylvania (via billsdue):

"The market for traditional distribution of music and music videos was once 40 billion yuan in sales a year, and legal copies accounted for only 5% of that amount," says Song Ke, Taihe Rye's founder and president. "That market has shrunk to several billion yuan a year because of piracies and the rise of Internet music. China's online music market has grown to between 10 billion and 20 billion yuan, and less than 1% of that is legal."


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