Accordingly report According to the Recording Industry Association of America (RIAA), CD sales in the United States rose for the first time since 2004. In combination with vinyl records, physical music sales rose again for the first time since 1996.
The modern music industry exists primarily through streaming services, but we can no longer ignore the factor of music lovers and collectors, due to which music is increasingly being sold on physical media: According to the RIAA, they have only generated revenue in the United States in the past year in the amount of 1.65 billion US dollars. At the same time, since 2020 CD revenues have grown by $100 million to $542 million, while vinyl has shown much more active growth in comparison – from $643.9 million to $1 billion Dollar.
Of course, the music trade is more than others happy about this trend. Doyle Davis, co-owner of one of the branches, confirmed the publication axiosthat vinyl is the leader among physical media, although CDs still are “hold tight”. He noted that new CD albums consistently sell well, especially when publishers give them a window before they are released on vinyl. “I think it’s because of the youth who have discovered they like hard copy albums in the digital age.”commented Mr. Davis on the new trend.
In the 1990s, compact discs were the most important music format, and their sales peaked in 2000, when their total revenues in the United States were $13.2 billion. And then there was a revolution. Napster and numerous pirated streaming services have established a new format and paved the way for legal streaming services, which generated $8.6 billion in revenue last year in America alone.
The new trend is also being welcomed by artists, whose earnings from streaming sales are being supplemented by sales of vinyl and CDs. “I think it’s great overall. It speaks to the health and general return of physical carriers.”says Mr. Davis.