Who Buys Music Anymore? A Statistical Inquiry
"....music sales haven’t hit zero. Somewhere shy of five million albums are still sold in America every week....."
Jenny Chang's blog post on BuzzFeed poses the question, "Who, exactly, is buying music these days?" So, who is buying music, and how are they buying music?
We now live in a day and age where most music sales are from digital formats such as music streaming services (Google Play Music, Rhapsody, Pandora) and digital downloads (iTunes, Amazon Music).
The music industry has changed its methods of reaching fans, but the results are the same. Music is being sold, and artists and record companies are still making money with their music they sell. Physical cd's are not as popular as they once were, but who cares?
Taken from the Blog Post on Buzzfeed:
1. Who buys CDs? The middle-aged.
Sixty-one percent of people who buy CDs are 36 and older, according to MusicWatch’s estimate. Ten years ago, that figure was just 36%. Back in 2004, people over 50 made up just 19% of the CD-buying population, but today they’re more than a third.
This could help explain the relatively high number of veteran artists who have notched their first career No. 1 albums in 2014, including Tom Petty and the Heartbreakers, The Black Keys, Sia, and Weird Al Yankovic.
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Derek Mosley (D.Mo)audio/recording engineer/music producer/drummer.