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Report: 17 Million People Stopped Buying CDs in 2008

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301w ago - Not only are CD sales still falling, but a whopping 17 million customers stopped buying CDs altogether in 2008.

The economic downturn is cited as one reason for the sharp decline, but new services offer viable ways for the music industry to survive this rocky transition period.

While overall music sales were up 10 percent in 2008, the year saw a drop not only in CD sales, but in the number of customers actually purchasing music. But according to a new report, the act of music listening is actually on the rise. While digital music purchases remain strong, the numbers show that there is still much more work to be done in the industry's transition to a new, more diverse set of business models.

NPD's annual Digital Music Study found that there were 17 million fewer CD customers in 2008 than in past years. CD sales have been dropping for quite some time, and while 1.5 billion songs were sold digitally last year, the number of Internet users paying for digital music only increased by 8 million in 2008.

NPD saw all demographics pulling back on CD purchases, but the most significant groups were teenagers and those over 50.

The primary reason for cutting down on CD purchases was a simple slashing of entertainment budgets across all demographics. Cheaper prices for digital albums...
 

Pachter: GTA 5 by 2010, GTA 4 DLC to Sell 2 Million by Year's End

100°
303w ago - What with development for the DLC episodes, Rockstar Games isn't done with Grand Theft Auto 4 just yet.

Despite that, analyst Michael Pachter is already pegging 2010 as the perfect time for the next console iteration of the sandbox franchise.

And since it's Pachter we're talking about here, he can't just leave it at a release date prediction. He's also forecasting that by 2010 - if GTA V does get released then - it will be able to sell 50% more than last year's GTA IV.

To quote: We don't think it is reasonable to estimate that sales of GTA will double the prior version, but we think that a 25 - 30 per cent penetration is reasonable, suggesting 15 - 18 million units sold.

That means that Take-Two's profits from the next iteration should be approximately 50 per cent greater than from the last version.

Total sales for GTA IV on the PS3 and Xbox 360 currently amount to 12 million units so far. That's 40% of the 30 million projected installed base of the PS3 and Xbox 360 combined in Europe and North America. (In short, of all the people who have a PS3 or 360 in the west, 40% of them bought GTA IV). The "25-30% penetration" he mentions above is based on a projected 60-million combined installed base for the two consoles by 2010.

Another prediction...
 

Registered Accounts on PlayStation Network Exceed 20 Million

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304w ago - The registered accounts on PlayStation Network reached 5 million in 1 year and 2 months, 10 million in 1 year and 8 months, and exceeded 20 million in only 2 years and 3 months from the service launch on November 11, 2006(*1).

The number of users connected to PlayStation Network is ever growing, thus successfully building a robust network business platform.

Press Release: REGISTERED ACCOUNTS ON PLAYSTATION®NETWORK EXCEED 20 MILLION WORLDWIDE

Remarkable Milestone Achieved in Only 2 Years and 3 Months Since Its Launch on November 11, 2006

Tokyo, February 25, 2008 - Sony Computer Entertainment Inc. (SCEI) today announced that the cumulative number of registered accounts on PlayStation®Network worldwide has exceeded 20 million as of February 20, 2009.

PlayStation Network is a free to access network service for PLAYSTATION®3 (PS3®) computer entertainment system and PSP® (PlayStation®Portable) handheld entertainment system, that has more than 70 million sell-in units(*2) around the world both platforms combined. Directly accessible from PS3, PSP or PC, users are able to enjoy a broad range of on-line content and services, including on-line gaming, video chat and text messaging with other PS3 users on-line, as well as many games and video content downloadable from...
 

Futuresource: Blu-ray Sales to Exceed 100 Million Discs in 2009

50°
304w ago - According to Futuresource Consulting, it appears Blu-ray may be ready to hit the mainstream. The increasing number of HDTV owners, coupled with lower prices on Blu-ray players, should fuel interest in the HD movie format.

To quote: "In the USA, Blu-ray has moved from early adopter phase through to early majority, with the format gaining real traction in the marketplace," said Mai Hoang, senior market analyst at Futuresource.

According to Hoang, Blu-ray sales in America reached 24 million units in 2008. The analyst predicts the American market will eat 80 million discs this year. The rest will be represented by Japan, the UK and the rest of Europe.

Jim Bottoms, managing director at Futuresource, thinks Blu-ray adoption will finally get majority share of home video sales in just a few more years. "By 2012, around 50 per cent of US and 35 per cent of Western European video disc retail sale volumes will be Blu-ray."
 

Sony: 21 Million PS3s Sold Worldwide, 17 Million PSN Users

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305w ago - Sony has revealed that global PlayStation 3 sales have eclipsed the 21 million mark. According to the platform holder, life-to-date sales figures for the console now stand at approximately 21.3 million units.

Additionally, the firm also confirmed that PlayStation Network has now achieved 17 million registered accounts, though neglected to specify whether or not this included duplicate accounts and/or excluded PSP accounts, and those activated on the PSN Web site.

To quote: As part of the Sony's announcement regarding its bid to launch hardware across Latin America, the firm claimed that life-to-date sales of the PS3 were now at 21.3 million.

The company also stated that the PlayStation Network has amassed 17 million registered accounts, though this was given as a whole number and not specifying if it included duplicate accounts and/or excluded PSP accounts and accounts activated on the PSN Web site.
 
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