Something shocking is happening in the EU music industry - sales of songs downloaded from the internet are growing at over 100 percent a year. From a blip in 2004 when Europeans downloaded just €21 million worth of music, a multi-billion euro market is being born and changing the landscape for good.
Standing at €279 million a year today, the sector will pass the €1 billion mark in 2008 and hit €3.9 billion in 2011, US analyst Forrester Research predicts. The more cautious music industr...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.