Music Industry Lost 24 Million Customers In Two Years

Music Industry Lost 24 Million Customers In Two Years

Music Industry Lost 24 Million Customers In Two Years
A total of 24 million fewer people purchased music in the United States in 2009 compared to 2007, including 33 million fewer CD buyers, according to a NPD Group report. Overall music spending dropped 19 percent over the two-year period, while digital spending rose 52 percent to $50 a year per buyer. In related news, recorded music has a 3.7 percent share of U.S. household entertainment expenses, equating to just 16 percent of what the average household spends on regular TV packages and half of what is spent for movies, according to a Nielsen report. Live events, including sports and live music, has a 7.9 percent share of entertainment spending. (2/25)
 

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