U.S. sales for physical CDs in 2021 increased for the first time since 2004, according to recent data published by the Recording Industry Association of America.
"CD sales have been on the decline for more than a decade and a half," Jason Lipshutz, Billboard's senior director of music, said last month of MRC's report. "So the fact that they rose even slightly in 2021 is really interesting."
Lipshutz also noted how 2021 offered more of an opportunity to buy physical CDs after the pandemic closed stores in 2020. But at the same time, he speculated that a CD resurgence could be following in the footsteps of vinyl. Vinyl sales have been steadily increasing over the past decade. RIAA’s data shows the figure hit 39.7 million in the U.S. in 2021 and brought in $1 billion in revenue.
Sales from streaming services, both paid subscriptions and ad-supported subscriptions, made up the majority of revenue, data from RIAA shows. Paid subscriptions made up 57.2% of total revenue measured by the RIAA in 2021, bringing in $8.6 billion last year. Ad-supported streams brought in $1.8 billion.Taylor Swift's new album, 'Red' dropped and record companies are beginning to get nervous, according to litigation partner Sid Rao.
"I’m 22, I grew up on the internet," one customer at Village Revival Records told the news station last month. "The 90s is having a revival — on TikTok, 90’s fashion is having a revival and the same thing with CDs."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Real Estate Developer Guangzhou R&F Sees “Not Less Than” $1.2 Billion Loss In 2021The extent of financial difficulties at some of China’s largest real estate companies is becoming more apparent amid earnings season for listed companies
Read more »
Tuberculosis cases rose over 9% in 2021 after dropping in 2020, CDC saysTuberculosis cases in the U.S. jumped over 9% in 2021 from 2020 numbers, though cases are still significantly lower than years prior, according to a new study published by the Centers for Disease Control and Prevention (CDC).Driving the news: Cases 'substantially' fell by nearly 20% in 2020 which researchers say is likely due to either delayed diagnoses or a true reduction because of mitigation efforts and changes in travel policies due to the COVID-19 pandemic.Stay on top of the latest market t
Read more »
Tuberculosis cases rose over 9% in 2021 after dropping in 2020, CDC saysTuberculosis cases in the U.S. jumped over 9% in 2021 from 2020 numbers, though cases are still significantly lower than years prior, according to a new study.
Read more »
Ohio State Defensive Line “Taking It More Personal Now” After Disappointing Performance in 2021Zach Harrison and Jack Sawyer both say the Buckeye defense took the Silver Bullet title for granted last season, and a shift in mindset starts up front with the defensive line.
Read more »