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Music may be defined romantically as `the food of love' (Shakespeare) or more prosaically as `sound with particular characteristics' (Wikipedia), but it is undeniably a `vibrant artform' (Arts Council England) and one which touches more people, in more ways, than any other art form.
In commercial terms, music certainly generates a higher market value than the other arts, although a comprehensive market size for music in all its manifestations is impossible to calculate. Key Note has put a value of £3.03bn on consumer spending on music in 2005, derived from three sectors: recorded music (which accounts for the bulk of the market), live music and musical instruments. However, data for other related markets are included, such as equipment for home listening and viewing.
Recorded music dominates, but this large market is on the cusp of a technological revolution that will eventually transform the way the majority of people buy music. In 2005, most music was bought as compact disc......

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Approximate Word Count: 26538
Approximate Pages: 107 (250 words per double-spaced page)

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