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Study: More Teens Not Buying CDs

By soulxtc

48% of US teens did not purchase a single CD in 2007, compared to 38% in 2006. According to The NPD Group, a market research firm in Port Washington, NY, the amount of music that US consumers acquired last year increased by 6%. However, despite a sharp increase in legal digital download revenues it was not enough to offset a declines in physical CD sales, which resulted in a net 10% decline in music spending (from $44 to $40 per capita among Internet users).

Full post as published by ZeroPaid on February 28, 2008 (boomark / email).