Is this the end of owning music?

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Is this the end of owning music?

Bericht door Kilroy » 03 jan 2019, 13:55

Sales of CDs plummeted by 23% last year, as consumers flocked to streaming services for their music. Just 32 million CDs were sold in 2018 - almost 100 million fewer than in 2008; and a drop of 9.6 million year-on-year.




The CDs that did sell in large quantities tended to appeal to older, non-traditional music buyers - with six of the year's top 10 albums either film soundtracks or Now compilations.



In a sign of the times, two of the records nominated for album of the year at the Grammys (H.E.R.'s self-titled debut and Cardi B's Invasion of Privacy) weren't even released on CD in the US - the first time that's happened since 1984.









"We will literally talk about the weight of the vinyl, the presentation, the quality of the cut - all that stuff. People don't know how important it is to us."


"I definitely believe the next decade is going to be streaming plus vinyl - streaming in the car and kitchen, vinyl in the living room and the den. Those will be the two formats. And I feel really good about that."


In contrast to the physical market, streaming services are flourishing.

A total of 91 billion songs were played on Spotify, Apple Music and their competitors last year - the equivalent of 1,300 songs per person in the UK - and streaming now accounts for nearly two thirds (63.6%) of all music consumption in the UK.



However, it was a poor year for new talent. Anne-Marie's Speak Your Mind was the year's biggest-selling debut album, shifting 160,000 copies - but no other British debut sold more than 100,000, the threshold for a gold disc; while Jorja Smith and Giggs' debut albums both went silver, with sales in excess of 60,000 copies.





This article was updated at on 3 January, to correct the omission that Jorja Smith and Giggs both won silver discs in 2018. - 03-01-2019

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