Web music hits a bum note

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

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.