Europeans spent 401.2 mln euros in 2007

European digital music spending in 2007 was 401.2 mln euros, an increase of 63% compared to 2006, according to JupiterResearch. The European market trails the US by approximately two years but it will gain momentum, and by 2010 spending will help halt the decline in music revenues, culminating in 2 bln euros of digital revenues by 2012.