A huge increase in music streaming via digital services like Spotify and Apple Music has triggered the fastest growth in UK music consumption since the late 1990s. However CD album sales dropped by 12%, and here are the top 3 reasons why.
Music Streaming Services
Now that technology has become more widespread and common, it’s safe to say that ‘physical’ methods of buying just about anything have decreased dramatically. Music is not an exception. There’s easy access to free and paid for music streaming services such as Spotify, Apple Music, Deezer and so on. When an artist releases new music, I’m sure that most if not all people will turn to Youtube before running to the nearest HMV, and far be it from anyone to call it ‘laziness’. It’s about money, convenience and precious time. CD’s are becoming the new generations’ records – mainly used for decoration.
Building on the last point, if people can get the same goods for free, why bother paying? This means that piracy remains on the rise. The main examples are the ‘Deezloader’ software and ‘Youtube to MP3’ downloaders that allow high-quality music to be downloaded instantly. Roughly 20% of the population stopped buying CDs because of the price tag (YouGov). Of course, some people prefer to buy music in order to support artists – usually in the form of a CDs. But those numbers continue to drop as piracy and piracy software make advancements.
Technology is Evolving
According to YouGov, over half the people that buy CD’s are over the age of 55. Whereas just 6% of CDs listeners are 16-24s mainly due to the difference in technology. And so we see companies following trend beside us, many newer models of laptops and devices don’t include CD ports. Manufacturers have dropped it to save space in the computer for more practical things. Best Buy officially stopped selling CDs on July 1st of 2018. Target is said to follow suit, and it shows in black and white how the general public is weaning off of CDs for their music.