_The proportion of revenue from various forms of music comes from: RIAA
This is not only because the sales of black rubber records have continued to grow in recent years, but also because the sales of CDs have fallen sharply year on year. Although CD sales are still ahead of black-tape records, they are declining at a very fast rate. The report says that in 2019, CD sales in the United States fell three times faster than black-tape records.
In the first half of 2019, CD sales amounted to US$247.9 million and 18.6 million copies were sold, while black-tape records were US$224.1 million and 8.6 million copies, respectively, with considerable difference in sales. But thanks to the advantage of higher unit prices, sales have approached CD sales, up 13% year-on-year.
Of course, the revenue of black tape may soon exceed CD, but this does not mean that it can reverse the trend of popularity. The sales revenue of real music accounts for only 9% of the total revenue of the music industry in the first half of the United States. Streaming media is still the most mainstream music consumption mode, contributing 80% of the revenue, bringing about $4.3 billion in the first half of the year, an increase of 26% over the previous year. However, whether its a black-tape record or a CD, its not an order of magnitude with Spotify, Apple Music, etc.
_Digital music download revenue declines year by year picture from: RIAA
In fact, there is an era of paid download music represented by iTunes between physical records and streaming media. With the development of the Internet, this mode is becoming smaller and smaller. Its revenue fell 18% in the first half of the year, only 462 million US dollars, accounting for 9% of the industry.
In the era of music digitalization, this kind of physical record made of polyvinyl chloride is still loved by many music enthusiasts for its stable and fidelity sound quality. When the needle cuts through the concave and convex pits, the unique analog sound slowly flowing out of the loudspeaker is still unparalleled taste of digital music. Limited-edition black-tape recordings sold simultaneously by some artists when releasing albums are also valuable for their designer covers and rarity. The Beatles won the U.S. black film record sales in 2018, selling 321,000 copies.
On the other side of the ocean, black-tape albums also sell well, selling nearly 4.2 million copies last year, creating 57.1 million pounds of revenue for the countrys music industry, accounting for 6% of total revenue, reaching the highest level in nearly 30 years.
However, the collectivity and high price of black tape also breed pirated products. The Beatles and Pink Freuds black tape album are the worst hit areas of Ebays piracy.
Source: Editor-in-Charge of Aifaner: Yang Bin_NF4368