February 11, 2004
Teens buying fewer CDs
Teenagers shrugged their collective shoulders at music CD sales last year, despite the music industry's progress on curtailing piracy, reports Variety.
"According to Port Washington, N.Y.-based NPD, overall dollar sales of music CDs declined 8% in 2003 compared to 2002.
NPD vice president Russ Crupnick believes that while the music industry is always quick to blame illegal peer-to-peer music file sharing for its woes, such activity is only a part of the picture. "Another aspect of these sales declines is based on competition we're seeing from alternative entertainment-related spending options for teens, such as cell phones and videogames."
emily | 4:31 PM |
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