It’s been awhile–Six months? Longer?–since I bought a regular CD. If I need to possess music, I’ll head over to iTunes or HD Tracks and buy a download. The rest of the time I’ll just use Rdio or something similar.
This is a big confession from a guy who has a collection of more than 10,000 discs. I’ve even asked–pleaded!–for people to stop sending me free CDs. (Box sets, special re-issues and vinyl are three other matters and for another time. That sort of collecting is costing me plenty. Again.)
Maybe you’ve abandoned CDs, too, and consider the format to be completely dead. However, you’d be wrong. From Forbes:
All of the music industry news for the last year or so has been directed at oncoming music streaming steamroller and the downfall of the music download, but what’s interesting is that our good old physical CD still remains a huge part of the music business. The latest report from the Recording Industry Association of America (RIAA), the music industry’s trade group, shows the 2014 sales of the bright and shiny disc at $1.85 billion, or about 27% of the total U.S. recorded music revenue.
There’s no denying that CDs are on the way out, with unit sales falling another 16% in 2014 from the previous year. It’s true that it’s just a matter of time before the format goes the way of the vinyl record (although there’s been a recent resurgence), the 8 track tape and the cassette. What’s interesting is that the 144.1 million CDs officially reported as sold by the RIAA in 2014 doesn’t represent the real total by a long shot.