The suggestions for fiberglass insulation between the floor joists is the first step. The next would be to decouple the floor joists from the acoustic space of the basement. This could be done in the same way that an offset or staggered stud wall would be constucted. In other words you don't want sound to hit the ceiling of the basement and then transmit into the floor joists (and upstairs floor) therby making it's way upstairs. You could do this by adding additional framing (not directly connected to the floor joists), using specialty metal decoupling strips or rubber isolators. Both ASC (1-800-ASC-TUBE) and Owens Corning make products specifically for this purpose. Of course this requires a layer of sheetrock to be installed-this is the only way to really get the results you desire. Avoid "drop" ceiling acoustical tiles in your application.
Sound proofing listening room
My listening room is in the basement. My problem is that my wife above can hear too much, always telling me to turn it down, I was wandering if anybody has any cheap ideas to help keep the music in my basement.I do know the the space between the ceiling and floor are not insulated and I'm planning on doing that. But I'd like to do more. Treatment for the ceiling in my room is ok. Anything is ok cause it is my room to do with what i want. So I welcome all suggestions.