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17 Million People Stopped Buying CDs In 2008

Houston 2600 sends along an Ars Technica writeup on the continuing downward trend in the traditional music business: NPD's annual survey found that 17 million CD customers dropped out last year. Among the good news is that streaming services such as Pandora are growing fast. "While overall music sales were up 10 percent in 2008, the year saw a drop not only in CD sales, but also in the number of customers actually purchasing music. But according to a new report, the act of listening to music is actually on the rise. ... NPD's annual Digital Music Study found that there were 17 million fewer CD customers in 2008 than in past years. CD sales have been dropping for quite some time, and while 1.5 billion songs were sold digitally last year, the number of Internet users paying for digital music only increased by 8 million in 2008."

4 of 375 comments (clear)

  1. They all switched.. by smaerd · · Score: 5, Funny

    ...to mortgage-backed securities -- they get a better rate of return.

  2. Re:In related news... by sakdoctor · · Score: 5, Funny

    candy from crippled blind penniless orphaned cute puppies

    Is there a torrent of that?

  3. Re:see sig... by L4t3r4lu5 · · Score: 5, Funny

    I'm 25 :(

    Now get off... Get off my l... No, I won't say it!

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    Finally had enough. Come see us over at https://soylentnews.org/
  4. Re:In related news... by techess · · Score: 5, Funny

    I have to say this is one area that the RIAA is right. I'm scared to walk the streets at night because the roaming nun problem.

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    Don't anthropomorphize computers. They *hate* that.