A new survey of under 24 year olds has concluded that the CD will die within the next five years. I'm not convinced myself (it's easy to forget how dominant the 30+ consumer is in terms of record sales), but it does confirm that the kids of today have little time for the packaging and bumph that keeps us has-beens slightly loyal to the physical format.
The survey, by former NME writer Johnny Davis for phone network 3 (who, it should be said, as the leading mobile music provider, do have a vested interest in the decline of CD sales), found that six out of ten under 24 year olds believe physical formats will decline in the coming years, and that as a result, high street record stores will also start to die out.
85% of those interviewed also said that the decline in physical releases was a good thing environment wise, because, of course, all that packaging and bumph you 25+ year olds like so much is no good for planet earth (and frankly I think you should be ashamed of yourselves for buying it all these years).
The survey also revealed that 68% of under 25s would buy a video download rather than an audio download if the two media were available for the same price.