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As much as we may be in the era of streaming, nearly half of recorded music revenue globally is still derived from physical sales, with the CD making up the vast majority of that. So, for all the understandable focus on how YouTube, Spotify, Soundcloud & co are shaping the future of the music business, the humble CD buyer remains crucial. Take away the $4.5 billion of physical music revenue generated in 2015 and most record labels of scale, majors included, would go belly up.
Via Pierre Priot
Streaming music is the new way of getting and listening to music today,But the CD's market shouldn't not be over looked or under estimated. CD's are still a strong source of music sales and still has a strong market for them. Record companies and producers should continue to use them.
Interesting to think about being able to "subscribe" to a record label instead of buy physical CDs from them. I've often wondered if it would be better if the big record labels did go "belly-up" and smaller labels and producers became more popular. I feel as though there would be more individuality and less influence from outsiders.
How will you publish and expose your music?