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Aging CD Buyers Keep Universal On Top

KiwiCoromandel
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KiwiCoromandel

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musicsales.jpgUniversal Music grabbed more of the US market to widen its lead as the world's biggest record company in 2004 despite facing a rival of similar size for the first time, data shows.

Annual statistics from the trade group for the world's record companies also reveal that music consumers have aged as the industry chases more older listeners after losing younger fans to file-sharing and illegal downloading.

About 55 percent of the music sold last year was bought by people older than 30 compared with 48 percent in 1999, the International Federation for the Phonographic Industry said.

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http://xtramsn.co.nz/entertainment/0,,12253-4628895,00.html

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