Subscription music market to reach $3.3 bln in 2012

The market for subscription-based music rentals would reach $3.3 billion in 2012, outpacing spending on original recordings, according to Juniper. The global market for end-user generated mobile music revenues will rise to nearly $17.6 bln in 2012, from $8.9 bln in 2007. Total revenues from original recordings delivered to handsets, including both purchases and rental subscriptions, will increase to $6.1 bln in 2012 from $960 mln 2007.