Search The Line of Best Fit
Search The Line of Best Fit

U.S. CD sales plummet by almost a third

22 September 2015, 13:56 | Written by Laurence Day

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.

Share article
Email

Get the Best Fit take on the week in music direct to your inbox every Friday

Read next