U.S. CD sales plummet by almost a third
CD sales in the U.S.A. have dropped by roughly 31.5% in the first six months of this year, according to figures from the music industry.
These latest CD figures mean that 'just' 41 million CDs were purchased between January and June, a fair few down on the 56.8 million from the same time in 2014.
This steep decline arrives in a year when vinyl sales have hit their highest numbers since the turn of the century. Streaming services, such as Apple Music, Spotify, Tidal, and Amazon Prime, have risen a considerable amount this year as well.
These losses have been numbed by a ferious uptake in streamin, which grew to take one-third of the U.S. music industry's total income ($3.17 billion).
Sales of LPs grew by 52% in the first half of the year, raking in $221.8m (£143m) - roughly half as much as CD sales.
The chairman of the RIAA, Cary Sherman, says that these new statistics show "the story of a business undergoing an enormous transition."
He added that "intense demand and billions of streams does not always equal fair market rates or a fair playing field."
Taylor Swift's 2014 1989 was the top-selling record in the first six months of 2015, with Drake hurtling into second place with If You're Reading This It's Too Late.
- Night Moves announce first album in six years, Double Life
- Jenny Hval presents new single, "The artist is absent"
- Bobby Weir to play first London show in 22 years at Royal Albert Hall with Royal Philharmonic Concert Orchestra
- Ezra Collective announce Future Foundation initiative for young black women in music
- Gracie Abrams releases live performance of new song, "Death Wish"
- Jerskin Fendrix returns with new single, "Jerskin Fendrix Freestyle"
- Bright Eyes and Cursive unveil mash-up single, "Recluse I Don't Have To Love"
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