Press Release: Media and content digitization benefits consumers, but revenues lag behind

Digital spending - the acquisition of media products in digital format - tripled from 2006 to 2010 worldwide, with the recording music sector now achieving 30% of its global sales in the digital market.

The digital success of the music sector contrasts other media and content industries, which are moving at a slower pace towards digital with distribution. Only 6% of film/video, newspapers, magazines and book sales were digital, according to the Joint Research Centre's (JRC) report on "The media and content industries. A quantitative overview", which represents an important contribution to the Commission's recent initiative to boost growth and jobs in the cultural and creative sectors.

European Commission: Memo/12/805: 10 facts about media and content industries http://europa.eu/rapid/press-release_MEMO-12-805_en.htm

---