Study: More Teens Not Buying CDs

[Jorge]

48% of US teens did not purchase a single CD in 2007, compared to 38% in 2006.
According to The NPD Group, a market research firm in Port Washington, NY, the amount of music that US consumers acquired last year increased by 6%. However, despite a sharp increase in legal digital download revenues it was not enough to offset a declines in physical CD sales, which resulted in a net 10% decline in music spending (from $44 to $40 per capita among Internet users).

Read Full Article Here

[mfgbypooter]

wow, they had to have a study to figure that out?

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[drtoker]

drop the price of cd's instead of raising them... duh...
who the hell wants to pay 19 bucks for something that would have been between 9-12 in the past?

[HelenaP]

It's those da*n college kids. Yeah, that's it.
*rolls eyes*

[Krell]

I read an artlice where they had teens in some discussion group, and offered them a pile of free CDs on the table, and no one took even a singe CD.

To loosely quote them "we new it was over"


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[El Comandante]

Those numbers suggest that the market for music CD's will dry up in 5-6 years. I know that as far as movies are concerned I have not rented a DVD or video in over 4 years.... those thieves at Blockbuster got plenty of my money...

[Krell]

I cancelled netflix as well, just stopped using it enough to justify it.


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[Boomer The Dog]

Well I'd probably take the free CDs from the table at that discussion group, but then I would rip them to files for my lappy or jukebox right away.

Someone mentioned on this article on the front page that without CDs, there won't be anything to rip, and everything will be lossy compressed, instead of a lossless format like Flac.

I wonder what that will be like, I mean, I listen to mostly mp3 and ogg anyway, but what about when you want your favorite band in absolute quality, and you might go and buy the CD, but you might not have that option any more.

Maybe music stores on the net will have albums in lossless format, and then charge a premium for them, and that could be more revenue.

[ciscoutx]

well how many of us have been screwed buying a cd for 2-3 good songs???