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Report: Online music markets set to grow

Online music markets are set to grow, according to the “Electronic Online Music Market Opportunities, Strategies, and Forecasts, 2004 to 2009” from Research and Markets. “By making music accessible and with prices set at a reasonable cost, defacto industry standards are being put in place,” the report says. “Apple has achieved a dominant position in the music industry by making downloadable music easily available. The company now accounts for one percent of the music industry revenue. It is well positioned to address growth in online music.”

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