Online video sales to reach nearly $1.5 billion in 2007

Posted by From the Web

Online sales of TV shows, movies and other pre-recorded video will become a billion-dollar business in 2007, according to a recent report from technology research firm Strategy Analytics. The research firm predicts that while video download sales made through Apple's iTunes store and other sources will total just US$298 million this year, by the end of 2007 the market will grow to nearly US$1.5 billion.

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