Streaming and download media business to reach $1,378,000,000 in 2005
Streaming subscription and download media is forecast to reach $1.378 bln in 2005, up 109% over 2004, paced by music services’ revenue growth expanding by 397% in 2004 and another 154% in 2005. The total market is forecast to reach $2 bln in total revenue in 2006, with music, sports and entertainment subscription and download revenue leading all content categories, according to AccuStream iMedia Research. Overall, streaming media subscription and download revenue grew by 150% from 2003 through 2004, 109% from 2004 through 2005 and is currently forecast to increase by another 45% in 2006. The music download side of the business is forecast at $832 mln in 2005, with streaming subscriptions at $237 mln.