The recession is not driving music lovers to piracy. Just away from their CD players.
The volume of legal music downloaded in Q3 increased 29% over the same period a year ago. That beats the growth in illegal music downloads over peer-to-peer networks, which rose 23% y/y.
Overall demand for music declined 2% in the third quarter, research group NPD reports. More of their numbers:
- Fifteen per cent of Internet users purchased music from online music stores, such as iTunes and AmazonMP3, which is an increase of 2 percentage points over last year and equates to approximately 2.8 million additional music-download customers.
- The volume of CDs purchased declined by 19 per cent in Q3 compared to last year.
- Year-over-year consumer demand for music among Internet users in the U.S. fell 2 per cent in the third quarter (Q3) of 2008.
- CD sales volume were among teens (down 34 per cent) and among adults age 26 to 35 (down 36 per cent). CD purchases by adults age 36 and older showed a more moderate decline of 10 per cent.
Web Music Service iLike On The Block