Is The CD Format Safe? - Even Though Vinyl has Overtaken the format in revenue for the first time?

<p>The Future of the CD is safe even thought Vinyl has overtaken the CD in revenue for the first time in 35 Years.</p> <p>Although this is not surprising considering vinyl albums can cost three times the cost of a CD. However I thought it would be good to dig deep into the data.</p> <p>In this video I look at the latest data and give my thoughts on what I feel the future is for the CD format and how it fits in with the Vinyl resurgence.</p> <p>Music fans collect music not formats so the main take for me is that physical music is doing well.</p> <p>I am also aware personally that I am buying a lot more vinyl myself than I used to.</p> <p>The UK CD Market is still worth £124 Million per year (Vinyl was £150 million) and the numbers in this video to do reflect CD sales from every source, genre or demographic.</p> <p>Overall, music sales - including physical, streaming and downloads - increased by 3% in 2022 to almost £2 billion (£1.987bn), their highest level since 2003 and nearly double the level of their low point in 2013.</p> <p>According to ERA, vinyl album sales grew 11% to £150.5m, while CD album sales fell 17.4% to £124m, the first time vinyl outsold CD by value since 1987. The change had been predicted last year by ERA, but the scale of the gap in the first year they have swapped places is significant.</p> <p>The rise in vinyl sales, now in its 15th year, may be partly explained by the loyalty of fans when presented with multiple editions by artists and their labels. But prices have been increasing, with new releases often above £30, which means a considerable outlay for an artist’s most committed followers.</p> <p>“Clearly exclusivity is a successful sales driver, but if you push it too far you run the risk of resistance from fans. Achieving multiple sales of the same record to a relatively small number of fans clearly works from a revenue perspective, but we should be wary of going to the same well too many times. &nbsp;Kim Bayley</p> <p>Entertainment Retailers Association (ERA</p> <p>SILVIA MONTELLO CEO O