Instead of buying CDs or downloading songs, younger consumers appear to be shifting toward streaming music online and on mobile devices.The concept of owning a physical product is changing.
That's partly because music streaming services like Pandora are largely free, and also because younger people aren't as tied to the idea that music must be owned to be enjoyed, said Russ Crupnick, a senior industry analyst at NPD Entertainment, which conducts market research.
In a survey released earlier this year, NPD Group found the number of teens streaming music online jumped from 34 percent in 2007 to 52 percent in 2008. CD sales and music downloads dropped over the same period.
Thursday, July 23, 2009
10 sites to help you navigate the new world of music
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