Forrester Research on Tuesday predicted a steep fall in CD sales, as audio and video file sharing over the Internet continues to emerge as a preferred option among consumers.
“The shift from physical media will halt the music industry’s slide and create new revenues for movie companies, but it will wreak havoc with retailers like Tower Records and Blockbuster,” Josh Bernoff, principal analyst at Forrester, said in a statement. “As a result, we’re about to see a massive power shift in the entertainment industry.”