New Hippo Techie: The CD is dead

An Aug. 15 report from Strategy Analytics, Inc. predicts that the amount of money spent on physical music media like CDs and vinyl records will be surpassed by money spent on streaming and download services this year in the United States.

That’s right: We Americans will spend more in places like Spotify and iTunes than in good old-fashioned record stores this year. It’s a big turnaround from the early days of MP3s, when record labels feared that file-sharing would bankrupt the music industry.

Read the complete article at The Hippo.

Leave a Reply