Monday, May 02, 2011

UK and US media is showing its age

In Britain people aged 60+ spent more on pop-music albums in 2009 than did teenagers or people in their 20s, according to the BPI, a trade group.

Sony Music’s biggest-selling album worldwide last year was “The Gift”, by Susan Boyle, a 50-year-old Scot.

And what has happened to music has also happened to other forms of entertainment.

These two charts from the Economist (subscription only) tell it all. ‘Traditional’ media is ageing. The industry may not like and may try and ignore it but that is how it is. Dick Stroud

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