Young Americans Pay For Music More Than Their Parents


(TeamRock Radio) Young Americans pay for music more than their parents, according to a new study. The findings appear to challenge the perception that young people tend not to pay for music.

The research was carried out by John Blackledge and Tom Arcuri of financial services company the Cowen Group. Business Insider report the study found that 46% of respondents in the US aged between 18-24 had bought music over the course of the past month, compared with 26% of the 45-54 age group. The findings also show that only 26% of the 65 and overs paid for material over the same time.

Cowen have also found that while Spotify is leading the way when it comes to streaming services, it's finding increasing challenges from Amazon, Apple, Pandora and YouTube. Read more here.

TeamRock Radio is an official news provider for antiMusic.com.
Copyright TeamRock Radio - Excerpted here with permission.

More Spotify News

Share this article

Share on Facebook Share on Twitter Share on Google+ Pin it Share on Reddit email this article

Related Stories
Young Americans Pay For Music More Than Their Parents

Beatles Attract Younger Fans With Spotify Launch

Justin Bieber Smashes Spotify Records With Purpose Album

Anthrax's Scott Ian Unleashes On Spotify

Spotify Reveal Top 25 Heavy Music Genres

Prince Releases Surprise Song 'Stare' Via Spotify

Metal Fans Are The Most Loyal According To Spotify

Kendrick Lamar Breaks His Own Spotify Record With 'To Pimp a Butterfly'

Kendrick Lamar's 'To Pimp a Butterfly' Breaks Spotify Record

Artists Make Very Little From Streaming Services

More Stories for Spotify

Spotify Music