Obvious News Of The Day: Teens Music Buying Habits Changing

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The NPD Group has released a study stating that Teenagers music buying habits have changed. SHOCKER! Some of the no-so-shocking numbers are below: (beware of the lack of caps- ed.)

“teens (age 13 to 17) acquired 19 percent less music in 2008 than they
did in 2007. CD purchasing declined 26 percent and paid digital
downloads fell 13 percent compared with the prior year. In the case of
paid digital downloads, 32 percent of teens purchasing less digital
music expressed discontent with the music that was available for
purchase, while 23 percent claimed to already have a suitable
collection of digital music. Twenty-four percent of teens also cited
cutbacks in overall entertainment spending as a reason for buying fewer
downloads.


The downturn in paid music acquisition was matched by a downturn in the
quantity of tracks downloaded from peer-to-peer (P2P) networks, which
fell 6 percent in 2008. The number of teens borrowing music, either to
rip to a computer or burn to a CD, fell by 28 percent.”

Read the full report here. (via Tapelog)

Jesse Cannon is the editor of Musformation. He produces records at his studio Cannon Found Soundation. Follow him on Twitter at @JesseCannonMusF. For more info please visit his website.