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Music Trends in the News:
From 2004 to 2005, Online Music Downloads Tripled
Over 300 sites offered legal music downloads in 2005 — a Threefold Increase Over 2004
The growth on online music sites continues, and entrepreneurs are finding ways to cash in on the demand for online music downloads, news and community.
The web has helped not only "prime time" artists from top labels, but has served niche markets effectively — helping to drive sales for lesser-known musicians. At $0.99 per download, there is minimal risk in trying new music, and many sites offer free preview tracks to introduce new artists.
The proliferation of the iPod since its introduction in 2001, and the integration of video capabilities in 2005 has kicked up the demand for music and music-related news and services.
There is still room for savvy entrepreneurs to capture audience, and associated revenues, with new twists on current music sites, as there is strong growth predicted in music downloads for the foreseeable future.
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