Title: Best Buy Will Stop Selling CDs This Summer
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CluelessInSeattle
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(Date Posted:02/06/2018 12:42)

I imagine that most of us now buy nearly all our Christmas CDs online, so this may have little or no effect on upcoming Christmas CD releases, but it is a sad sign of the times, isn't it?  BTW, it's interesting to note that "Revenues from shipments of CDs were down 3% to $431 million, while vinyl albums were up 3% to $182 million."

http://fortune.com/2018/02/05/best-buy-target-cds/
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Will in Seattle
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RE:Best Buy Will Stop Selling CDs This Summer
(Date Posted:02/06/2018 14:05)


It won't affect the Christmas releases from Real Gone Music; Gordon and I will always be a champion of the CD format.


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rsteven
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RE:Best Buy Will Stop Selling CDs This Summer
(Date Posted:02/06/2018 23:59)


Hello Chip,

Yes indeed, cheers to Real Gone Music and their belief and success in the CD format. The death of the CD has been greatly exaggerated for many years as consumers simply get their music in a number of different ways, but according to Billboard Magazine, the Bible of the recording industry, the CD format is still the number one way consumers purchase albums across the spectrum. Almost half a billion dollars in revenue on almost 100 million physical sales in 2017 are not small numbers.

Yes, the young whippersnappers  tend to stream, but I remember when the industry thought digital downloads were going to be the future salvation of the industry. The good news is that the large labels, including most recently Sony Music, are reporting large profits again because of their diversified income and their death was greatly predicted several years ago. 

I think the demand for CD's will remain with a dedicated, but significant fan base and there will always be people that want a physical product with artwork and liner notes for their very favorite artists and albums. The resurgence of vinyl, though I think is close to reaching its apex, has demonstrated that in spades. I think CD's will eventually be perceived like vinyl is today as a superior audio format that is sought out by dedicated collectors in surprisingly significant numbers even though the market will be greatly fragmented with streaming and possibly a new a new digital format that we cannot even predict what form it will take.

Best regards,

Steve


(Message edited by rsteven On 02/07/2018 00:42)
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RE:Best Buy Will Stop Selling CDs This Summer
(Date Posted:02/07/2018 11:22)

This makes me wonder if any store won't go back into selling Vinyl because record companies are releasing current artists on Vinyl, and I believe re-releasing other albums on vinyl.

I realize that Vinyl takes up more space than CD's, but it was nice to be able to buy a 45 by some artists, if you didn't care for the rest of the songs that might be on an album.

I remember when CD's and Cassettes took up a lot of space in the stores because they tried to make them more theft resistant.

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