Put down your
records and dust off those long-forgotten plastic binders, because CDs are making a resurgence. CD sales in the US increased in 2021 for the first time in 17 years, according to the annual sales report published by the Recording Industry Association of America. CD sales were up 21% to $584 million last year, according to the report.
While music-streaming services like
and Tidal are still the primary way people enjoy their music, physical music sales have been on the rise the last several years, reaching $1.65 billion in the US in 2021 alone.
This is due mostly to the growing interest in vinyl music. Vinyl sales revenue increased by 61% in 2021 to $1 billion -- a milestone that hadn't been reached since 1986. Sales for LP/EPs also increased 67.3 % in 2021 compared with 2020.
"No industry in history has embraced changing technologies and innovations faster than music over the last 10 years -- taking streaming from novelty to ubiquitous in the blink of an eye and now working to drive a new generation of social apps, shared immersive experiences, and blockchain/NFT opportunities going forward," Mitch Glazier, chairman and CEO of RIAA, wrote in a piece published by Music Business Worldwide.