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Band loyalty keeps CD sales alive for now

Written by Andre Yoskowitz (Google+) @ 06 May 2007 14:40 User comments (11)

Band loyalty keeps CD sales alive for now A new study released by Ipsos, says that although in general CD sales continue to slide, the US population are still buying physical CDs from thier favorite band.
Although they can download the music from stores such as iTunes and Napster, the survey shows that the allure of supporting the group by buying a physical CD is still overwhelming.

"For new releases from a favorite artist, physical CDs remain the primary method of acquisition among US Music Downloaders aged 12 or older. 62% of US Downloaders purchased a physical CD of their favorite artist’s last release versus just 28% who paid to download one or more individual tracks,"
the study found.

Although that news was good for popular artists and older artists that have been around a long time, the survey also showed some bleaker stats. Ipsos found "that the number of US citizens that purchased 1 CD in the last six months has declined by 15% since 2002. In 2002, approximately 63% of Americans bought a CD in the previous six months. This number now hovers around 51%."

The study showed that although people are still willing to buy CDs from their favorite artists they are not so keen to experiment with their money on new acts. For this, they would rather download the track and perhaps waste the 99 cents instead of the $15 USD a physical CD costs. It is time that the music industry begins to understand that logic and move even more towards online music stores.

Source:
Slyck

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11 user comments

16.5.2007 14:47
pigfister
Inactive

omg, no shit sherlock! i wonder how long it took them to figure that one out?

26.5.2007 14:48

Quote:
The study showed that although people are still willing to buy CDs from their favorite artists they are not so keen to experiment with their money on new acts.
I feel the same way. But i like new acts but i rather have the chance to download one or two tracks for free and if i like it i may invest in the whole album. For example a few years ago i downloaded Santana supernatural and i loved the album so much that i went and bought his new album. Im not saying do wat i did but a few tracks and then let the consumer decide.

36.5.2007 16:17

I'm with borhan9 on this one. I never have and never will drop on $15-$20 on a bands CD if I dont know if I like them. I download a song or two from the album and if I really like it I usually buy the album. And if I don't like it well I get rid of the songs I downloaded because I don't like the band!

46.5.2007 16:30

i would buy the best of CD's or collectors that are worth it other than that i would just download it

This message has been edited since its posting. Latest edit was made on 06 May 2007 @ 16:31

56.5.2007 18:22

I think it's up to the record companies to rethink their strategy. Not all consumers are lemmings. If you want to stop having your singles stolen, produce a solid album. Throw a single at the populace at this day and age and people are bound to steal it. And some advice to old bands, lower your price. Greedy fossils deserve none of our money.

66.5.2007 18:30

Originally posted by pigfister:
omg, no shit sherlock! i wonder how long it took them to figure that one out?
X 999999999999999999999999999999999999999999999

77.5.2007 1:57

Quote:
Originally posted by pigfister:
omg, no shit sherlock! i wonder how long it took them to figure that one out?
X 999999999999999999999999999999999999999999999
be careful that could be a hexadecimal code and you might get sued!

i totally agree ill buy the new smashing pumpkins cd when it comes out, but most other songs aren't worth buying the cd for
i just use itunes although i resent the DRM on it

87.5.2007 8:14
pigfister
Inactive

Originally posted by AlmostOz :
i totally agree ill buy the new smashing pumpkins cd when it comes out, but most other songs aren't worth buying the cd for
i just use itunes although i resent the DRM on it
not purchasing records then you must be a pirate! or has the definition of "PIRATE" changed to "unhappy customer tired of the record companies saying now just bend over and lube up!"


the problem with the music industry losing sales is that ppl are not purchasing the rubbish they put out as its terrible quality, but they always blame the pirates not a failed business practice.

Example: Natasha Bedingfield, Britney Spears, ect.

West Life is another band that just covers old greats and destroys the soul that was in the song before the record industry got its dirty hands on it and then manufactured a crappy band of zero talented ppl and then they wonder why ppl stop purchasing albums!

Not only the constant stream of zero talented pretty faces but you also have the RIAA acting on behalf of the record companies suing American families out of house and home, and when a case looks bad and the accused is actually innocent the RIAA just walk away and leave the accused to pay for their own lawyer bills now if their was a reason to boycott the record companies that's the one i choose.

Professor Nesson: Protect Harvard from the RIAA


Originally posted by Professor
Charles Nesson. Harvard. :

But mere understanding is no reason for a university to voluntarily assist the RIAA with its threatening and abusive tactics. Instead, we should be assisting our students both by explaining the law and by resisting the subpoenas that the RIAA serves upon us. We should be deploying our clinical legal student training programs to defend our targeted students. We should be lobbying Congress for a roll back of the draconian copyright law that the copyright industry has forced upon us.
then you even have the record artists/composers speaking out against the companies!



http://blogs.magnatune.com/buckman/2005/05/coldplay_hates_.html
This message has been edited since its posting. Latest edit was made on 07 May 2007 @ 9:02

98.5.2007 6:03

Now, if they directed this study inwards, they would realize that 0% of new artists actually produce something worth spending money on.

Don't complain about lack of sales when you are selling inferior product.

109.5.2007 8:56

If I like the album, I tell others about it, but I wouldn't download a album, then go buy the cd, that is stoopid. Signed acts get plenty of money, just not from me.

119.5.2007 13:13

Originally posted by booga1134:
If I like the album, I tell others about it, but I wouldn't download a album, then go buy the cd, that is stoopid. Signed acts get plenty of money, just not from me.
The only problem with that theory its not an original one cause many people think that way and then it all adds up.

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