Musicnotes is showing its mettle in a rough economic environment
MADISON, Wis. (PRWEB) December 3, 2008
Cyber Monday (Dec 1) digital sales growth actually accelerated to more than 35%, exceeding expectations, in part due to more customer-centric and community-based marketing efforts.
Looking at other key metrics:
Sheet music downloads are projected to exceed 150,000 in December, rapidly approaching the 5 million mark (since inception) expected in early 2009. Daily Unique Visits exceeded 100,000 for the first time in the month of November, with traffic up more than 25% year-over-year. Musicnotes' market share for downloadable sheet music continues to exceed 80%* according to Hitwise. Musicnotes will be solidly profitable in 2008 with margins expanding as the company enters 2009. "Musicnotes is showing its mettle in a rough economic environment," remarked Tim Reiland, Musicnotes Chairman and CFO. "The consumer advantages to our digital delivery model are compelling, and we have aggressive plans for continued growth."
*Web sites included in this digital sheet music market share analysis include: Musicnotes.com, Sheetmusicdirect.us, Freehandmusic.com, Praisecharts.com, Sheetmusicscore.com, Digitalmusicnotebook.com, GuitarInstructor.com and Sheetmusicdigital.com.
About Musicnotes: Musicnotes, Inc. offers an online catalog of almost 90,000 digital sheet music titles, built on the strength of content agreements with Alfred Publishing, EMI Music Publishing, Faber Music Ltd, Sony/ATV Publishing, BMG/Universal, Disney Music Publishing, peermusic, Word Music, EMI Christian, Bug Music and many others. Musicnotes is included in Internet Retailer Magazine's list of the Top 500 Online Retailers and was recently selected by IR as a "Hot 100" site for 2009. On the Web: http://www.musicnotes.com.