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February 27th, 2008 at 7:25 am

48% of Teenagers Bought No CDs in 2007

 48% of Teenagers Bought No CDs in 2007

48% of teenagers bought no CDs at all in 2007, up from 38% in 2006. Music downloads continue to grow, though, with iTunes leading the way.

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The illegal sharing of music online continued to soar in 2007, but there was one sign of hope that legal downloading was picking up steam. In the last year, Apple Inc.’s iTunes store, which sells only digital downloads, jumped ahead of Best Buy Co. to become the No. 2 U.S. music seller, trailing Wal-Mart Stores Inc.

That could be hopeful news for the music industry, which has been scrambling in recent years to replace its rapidly disappearing CD sales with music sold online. The number of CDs sold in the U.S. fell 19% in 2007 from the previous year while sales of digital songs jumped 45%, Nielsen SoundScan said.

The number of people buying music legally from online music stores jumped 21% to 29 million last year from 24 million in 2006, according to the study by NPD Group, a market research firm in Port Washington, N.Y.

Via the LA Times

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    [...] I know I shouldn’t buy pirate anythings but I look at it as previews, where for a movie I like, I will go to the theater for the full big screen experience. And I know a lot of people who download youtube and other video site archives, then strip out the audio to MP3s. So with all thats available, this report caught my eye to see the reduction in purchasing CDs. “48% of teenagers bought no CDs at all in 2007, up from 38% in 2006. Music downloads continue to grow, though, with iTunes leading the way. The illegal sharing of music online continued to soar in 2007, but there was one sign of hope that legal downloading was picking up steam. In the last year, Apple Inc.’s iTunes store, which sells only digital downloads, jumped ahead of Best Buy Co. to become the No. 2 U.S. music seller, trailing Wal-Mart Stores Inc.” – Source [...]

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