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Rock Is Still Number One, Says RIAA Report
By Jon Newton, p2pnet.net
(more articles from this author)
2003-06-04
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Rap/Hip-Hop is now the second most preferred genre of music, with Urban/R&B right behind it. But Rock is still Number One with 24.7% of the market, up slightly from 24.4% the previous year.

In the meanwhile, in its 2002 Consumer Profile, an annual demographic survey of more than 3,000 US music 'consumers,' the RIAA says in 2001, Rap/Hip-Hop represented 11.4 of the market, while in 2002 it was 13.8 . Inching its way to the top was R&B/Urban with 11.2 in 2002, up from 10.6 in 2001.

"Country music also remains popular, with its 10.7 share of the market, while Religious music retained its position, comprising 6.7 of music purchases," says the RIAA profile.

"Outlet Consumers continued to find new ways to purchase their favorite music in 2002, as non-music-only outlet purchases continued to grow from 42.4 percent in 2001 to 50.7 percent in 2002."

"This marks the first year more music purchases were made at non-music-only outlets rather than at a record store," the RIAA continues. "Record store purchases decreased to 36.8 percent in 2002. While record store and non-music-only outlet purchases made up more than 87 percent of the market, purchasing music online continues to be popular with consumers and increased slightly from 2001, representing 3.4 percent of the market in 2002."

In terms of gender and age, more than 50% of music purchasers were made by females in 2002, down from 51.6% in 2001, while more than 49% came from males, up from 48.8% percent in 2001.

CDs remained the format of choice among consumers, totaling 90.5% of all music purchases, up slightly from 89.2% in 2001. In 2002, 1.3% of all music purchases were DVD Audio, up slightly from the year before, states the RIAA, adding that in 2001, 1.1% of purchases were DVD Audio. Full-length cassettes, on the other hand, dropped from 3.4 % of the all music buys in 2001 to 2.4% in 2002.

Source: www.p2pnet.net


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