Blog: Listening Post - Wired Blogs

Forrester has new predictions about the future of music. Apparently, 41 percent of music sales will be digital by 2013. As previous studies have shown, the increase in digital sales will not make up for the ongoing decline in CD sales, and so as a result, the music market will shrink at a compound annual growth rate of 0.8, dropping to $9.8 billion in 2013. Sales in 2008, by comparison, are expected to total $10.2 billion. A book I'm reading has made me wary about such predictions. Nassim Nicholas Taleb's Black Swan [...]