CDs still 74% of sales in 2010. Long live the CD!

Alex Pham LA Time 2/15/11

New Music Seminar Logo Yes, music is becoming digitized, streamed and downloaded. But a surprising amount of money is still being spent on old-fashioned CDs.

Nearly three-quarters of U.S. music sales in 2010 were in the form of discs, according to Tom Silverman, a board member of the Recording Industry Assn. of America.

Among some genres, the percentage of CD sales is even higher — 93% of Latin, 85% of gospel and 84% of country records were physical discs.

“CDs aren’t doing so bad,” Silverman said during opening remarks at the New Music Seminar conference in Los Angeles. “People still like CDs.”

Yes, CD sales are declining, Silverman said, “But we don’t have to accelerate that process.”

Advertisements

One Response to “CDs still 74% of sales in 2010. Long live the CD!”

  1. Quora Says:

    In how many years will dvds, blu ray disc will become obsolete?…

    I think obsolescence curves are surprisingly drawn out. All the cool kids predicted the death of the fax machine 10 years ago, but many small businesses still use them. Tom Silverman, a board member of the Recording Industry Association of America, sai…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: