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Web music hits a bum note

Clicks, drugs and rock 'n' roll...

By Aled Herbert

Published: 15 January 2002 16:35 GMT

The web-based music market is not the goldmine it initially promised to be.

Internet analyst house Jupiter MMXI has revised its five-year forecast for the value of the online music market downwards, by a not inconsiderable 11.3 per cent.

Its estimate of the size of the market in 2006 now stands at $5.5bn, down from $6.2bn.

Jupiter made its original predictions in July 2001.

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