| More Get Their Music Fix On Social Networks
Social networks Highlights of a new NPD Group study:
Underscoring the increasing importance of sites like
MySpace for music discovery, 19% of those surveyed said
they listen to music through social networking sites,
up 4% from a year ago.
Almost half of US teens listen to music on social networks
up from 37% in 2007. Among college-age fans the percentage
rose to 41% from 30% the previous year.
The number of U.S. consumers buying CDs fell by 17M
in 2008.
The decline in CD purchases was most prevalent among
teens and consumers 50 and over.
The number of people purchasing digital music increased
by more than 8 million in 2008 to 36 million.
Number of Digital music download purchases increased
29% in 2008 over '07 and now account for 33% of all
tracks purchased in the US. |