People bought more music in the early 90s
Market research firm eMarketer recently published a study about U.S. consumer spending on music since 1980. Most commenters have seized on the fact that the study shows a higher percentage of people are buying music today than ever, but that those users are spending much less, probably due to the rise of single-song downloads. (eMarketer calls these "MP3 downloads"--in fact, the #1 source of legal downloads, iTunes, offers them in the AAC format, and many other sites offer downloads in the Windows Media Audio format.)
But I also noticed that music spending per capita rose dramatically … Read more