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  #1  
Old 03-19-2009, 08:30 PM
Adam Krebs
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Default 17 Million People Stopped Buying CDs in 2008--People Still Buy CDs?

<div class='os_post_top_link'><a href='http://arstechnica.com/media/news/2009/03/report-yep-cd-sales-keep-falling-but-new-trends-may-help.ars' target='_blank'>http://arstechnica.com/media/news/2...ds-may-help.ars</a><br /><br /></div><p>"<em>While overall music sales were up 10 percent in 2008, the year saw a drop not only in CD sales, but in the number of customers actually purchasing music. But according to a new report, the act of music listening is actually on the rise. While digital music purchases remain strong, the numbers show that there is still much more work to be done in the industry's transition to a new, more diverse set of business models. ... One trend that may finally be going mainstream is music streaming services. NPD's report notes that awareness and usage of Pandora doubled year-over-year to 18 percent of Internet users. Social network music streaming is also on the rise, as usage rose from 15 to 19 percent year-over-year. Nearly half of US teens are "engaging with music on social networks" now, so new revenue opportunities like premium account memberships and advertising are following.</em>"</p><p><img src="http://images.thoughtsmedia.com/resizer/thumbs/size/600/zt/auto/1237478603.usr495.jpg" style="border: 0;" /></p><p><em>http://www.themusiciansite.com</em></p><p>There's no doubt the music industry is in a state of transition, but I wouldn't be surprised if this trend of listening to music through subscription and social networking continues to rise. Personally, I haven't bought a CD in years (I have several vinyl albums, but maybe that's just for the cool factor.) When faced with the option of listening to a fixed album or a constantly evolving music landscape, I choose the latter almost every time. This bodes well for services like Pandora, iLike, and Zune Social as we head towards a generation of music on demand, but do artists want their work to be interchangeable?</p>
 
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Old 03-19-2009, 09:42 PM
mcwilliams132
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I haven't bought a new cd in years, but I have bought older/hard to find cd's for a song off eBay or other outlets vs. buying digital copy - saving a ton of cash plus having a physical backup and abiltity to rip at the bit rate I want is also a plus.
 
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Old 03-19-2009, 09:55 PM
Alber1690
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On Zune Social...what the heck is going on? The service has been lagging it for the past month--or longer--and today it's completely unavailable. The Zune Team needs to provide some answers and hope that at some point browsing Zune Social won't take longer than 30 seconds to load each page. They want to revolutionize music sharing, but everyone who bothers--including myself--to be an active participant is being welcomed with excruiciating slow experiences over at Zune.net. *sigh*
 
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Old 03-20-2009, 12:23 AM
USArcher
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I'd be curious to learn what the demographics are for those 17 million. Are they an older generation where music is perhaps less of a factor in their daily lives? How much of this can be attributed to the economic slowdown?

As far as subscriptions, I think there is alot more Zune can and needs to do.
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Old 03-20-2009, 01:18 AM
Lee Yuan Sheng
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Ok, this is a US study, but I'd like to say that as someone living outside the US, I don't have much of a friggin' choice. Zune? Nope. Amazon MP3? Nada. Even iTunes requires a song-and-dance involving gift certificates since there's no iTunes store in my area (and I probably wouldn't buy AAC files).

It's been a long grouse of mine, but will internationalisation hurry up already? There's money to be made here but I'm guessing the lousy greedy buggers just want to ensure they can milk every dollar they can.
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Old 03-20-2009, 02:11 AM
Adam Krebs
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Quote:
Originally Posted by USArcher View Post
I'd be curious to learn what the demographics are for those 17 million. Are they an older generation where music is perhaps less of a factor in their daily lives? How much of this can be attributed to the economic slowdown?
From the article:
"NPD saw all demographics pulling back on CD purchases, but the most significant groups were teenagers and those over 50."


What do the 20-50 year olds know about CDs that the rest of us don't? Maybe it's a generational thing?
 
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Old 03-20-2009, 02:12 AM
Adam Krebs
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Quote:
Originally Posted by Alber1690 View Post
On Zune Social...what the heck is going on? The service has been lagging it for the past month
Oh I know exactly what you're saying. I'd like to think it's because the service is so popular, but really is it too much to ask for a little uptime? I've got quizzes to take!
 
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  #8  
Old 03-20-2009, 02:41 AM
Jason Dunn
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Quote:
Originally Posted by Lee Yuan Sheng View Post
Ok, this is a US study, but I'd like to say that as someone living outside the US, I don't have much of a friggin' choice.
I know how you feel - until late last year, I was still buying CDs because there were no online stores worth anything in Canada. Once I realized I could buy Amazon.com MP3s using a bit of a trick, I haven't bought a CD since. There's definitely money to be made by selling online music, but it's amazing how the lawyers of the world make the process impossible...
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  #9  
Old 03-20-2009, 02:52 AM
jdmichal
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It's all about the overseas proxy servers...
 
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  #10  
Old 03-20-2009, 04:00 AM
waverlyn
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Default Digital music is getting better, but it's still not quite there yet...

CD is still the preferred format for me. I'll jump onto the digital music bandwagon when they offer their products in the lossless format (preferably in either FLAC or WavPack.)

Last edited by waverlyn; 03-20-2009 at 06:09 AM..
 
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