A report released today by Informa Media says that, while Internet downloads/sales of music (through iTMS and Amazon.com) will grow to $3.9 billion by 2008, revenue lost from such services as Kazaa, will grow to $4.7 billion by 2008.

“The reason we’re so downbeat is we think the peer-to-peer problem is going to only get worse. In 2008, broadband will be prevalent around the world,” said Simon Dyson, the report’s author.

Recently, the RIAA has been suing individuals in the United States, while the Canadian equivalent has stated that they will only warn users at this time.






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