Baby boomers buying more music

Published: Nov. 2, 2003 at 12:25 PM

NEW YORK, Nov. 2 (UPI) -- While the 50 Cent's "Get Rich or Die Tryin'" is expected to be the year's best-selling album, new releases by aging Baby Boomers are making an impact.

In Billboard's latest chart, Rod Stewart finished second with "As Time Goes By: The Great American Songbook Vol. II," to Clay Aiken's "Measure of a Man," while Bette Midler, Van Morrison, Michael McDonald and Simon and Garfunkel, held 11 of the top 50 spots.

"Adults like music, too, and they're underserved," Will Botwin, the president of Sony Music Entertainment's Columbia Records, told the New York Times. "And they're starting to get served."

The music industry has blamed online music sharing for the major losses they've suffered in the past three years, but the aging market is giving the music industry something to cheer about, the Times said.

Because those with wrinkles instead of tattoos are accustomed to paying for their music, according to Forrester Research.

Last year, shoppers over the age of 40 bought more than 35 percent of all units sold, said the Recording Industry Association of America.

© 2003 United Press International, Inc. All Rights Reserved.
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