People have started buying CDs again to listen to music, see here

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The CDs are seemingly no longer just a relic. He is making a comeback after two decades. The industry has registered a growth in sales after reaching its peak in the year 2000. The industry earned $584.2 million in 2021, compared to $483.2 million in 2021, according to data shared by the RIAA, a US sales database of recorded music revenue and shipments. 2020 volumes have also seen an increase in overall growth. Retailers sold 31.6 million units in the US in 2020. That figure rose to $46.6 million in 2021.

The boom in CD sales has been attributed to the increasing trend of owning physical copies. According to Axios, vinyl sales have also seen a steady rise and have reached the 39.7 million units mark in 2021. This contributes to $1 billion in revenue.

While sales of physical copies of music are on the rise, streaming still remains the main revenue generator in the music industry in the US. The RIAA report claimed that the streaming industry made $8.6 billion in 2021. According to the report, paid subscriptions contributed 57.2 per cent to the revenue. The second largest revenue was recorded by ad-supported music streaming.

With the resurgence of CDs in the market, some retailers stand to benefit as well. As Axios reports, local record stores in the US, such as Grimmy’s on East Trinity Lane, have been able to benefit from the new trend. According to East Trinity co-owner Doyle Davis, while vinyl is still the go-to collector’s item, CDs have also “held their own”.

The post has people starting to buy CDs again to listen to music, which is why it first appeared on BGR India.

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