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CDs Down, Downloads Up

jrmylmb
12 Comments

Posted February 27, 2008 - By jrmylmb

Nearly half of all teenagers did not buy one CD in 2007, up from 38% in 2006 and just this week, iTunes surpassed Best Buy as the number 2 retailer of music to sit behind Wal-Mart. The numbers also show that illegal downloading is down and legal music purchasing online is up 45%.

People, mainly teenagers, are buying or illegally sharing online because of the convenience it affords. You can browse, purchase and listen to a song you like all in about two minutes on a computer, and it'll be cheaper. Buying a CD, or heaven forbid a vinyl record, means getting to the store, paying more, and then all the annoying packaging and set up in the device that plays it. So, it appears as though the future of tangible music sales is doomed. The only hope for collectors and listeners who prefer the old world paradigm, is that the market can split evenly and record companies will be forced to appeal to both online and in-store purchasers. If the trend toward digital downloads continues to grow, everyone will be forced to adopt new music habits, some of which are near and dear to collector-types.

latimes.com: More teenagers ignoring CDs, report says

Tags: Music
CDs Down, Downloads Up
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