Dust off those plastic binders that lived in the back seat of your car and fire up the boombox, because compact discs are back.
- CD sales enjoyed year-over-year growth for the first time since 2004, according to the Recording Industry Association of America's annual sales report.
- Combined with the decade-long vinyl sales explosion, overall physical music sales grew for the first time since 1996.
By the numbers: Physical music sales exploded to the tune of $1.65 billion in the U.S. last year, according to the RIAA data.
- CD sales grew to $584.2 million nationally last year, up more than $100 million from 2020. By comparison, 2021 vinyl sales increased to $1 billion annually, up from $643.9 million.
- Davis has noticed strong CD sales for new albums, especially when there is a delay in the vinyl release, and pointed to the new album by Adia Victoria last year as an example.
- "I think really this is about young people who are finding they like hard copies of music in the digital age," Davis says.
- You know what happened next. Napster and illegal streaming sites gave way to paid streaming, which now accounts for $8.6 billion in annual revenue.
- In addition to record stores, artists have appreciated the rise in vinyl — and now CD sales — because it gives them another avenue to sell their music.
Time to bust out your Discman, frens. What's old is new again!