June 7, 2023

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Audio CD sales in the United States have risen for the first time since 2004 – audio and video

CD sales in the United States increased last year. This is the first time since 2004. Vinyl sales have also increased, but that has been the case for some time. The total revenue of the American music industry reached $ 15 billion.

Last year, 46.6 million CDs were distributed, which is good for $ 584.2 million in sales. Statistics from the Recording Industry Association of AmericaA year ago, it still had 31.6 million CDs and $ 483.2 million in sales.

CD sales have been declining for decades. In 2000, CDs peaked at $ 13.2 billion in sales in the United States. Since then, CD sales have declined each year, except for a slight increase in 2004.

As more CDs were sold and those CDs made more sales, the percentage of total music sales coming from the CDs dropped slightly. It was 3.9 per cent last year and 4 per cent the previous year.

This is due to the increase in total turnover. The U.S. music industry is expected to record $ 15 billion by 2021. This is a milestone in the history of RIAA measurements. A year ago, sales were $ 12.1 billion.

Payment streaming services generated $ 8.6 billion in revenue. This is 1.6 billion more than by 2020. Revenue from free streaming services through ads has risen to $ 1.8 billion. That was $ 1.2 billion a year ago.

It is unknown at this time what he will do after leaving the post. Sales of LPs have been on the rise for many years. In 2005, vinyl recordings sold for just $ 15.7 million in the United States. Since then, it has grown and the revenue of LPs and EPs reached $ 1 billion last year.

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The latest figures from the Dutch music industry are unknown, so it is unclear whether there is a revival in CD sales in the Netherlands. By 2020, CD sales revenue will be lower Over a quarter.