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Teenagers, long the mainstay of music purchases, are spent less money on music in 2003.
Posted by Casper at February 12, 2004 09:11 AMMusic sales to teens between the ages of 13 and 17 declined last year by 15 percent, due in part to increased online file-sharing and competition from other entertainment, research group NPD said on Tuesday. The age group usually accounts for about 15 percent of music sales in dollars, according to Port Washington, New York-based NPD, which found that video games software unit sales to the same age group rose 12 percent in 2003 as music sales were falling.
NPD said its data also suggested that the new releases of 2003 were not as appealing to young consumers as in 2002.