The chart is fascinating to follow...
Streaming of course is the top music consumption format today. Which is disturbing for the state of the artists, since they receive a pittance for plays on streaming, as opposed to direct sales of their music through other formats (which today are downloads and vinyl, which is why I purchase recordings that I like and/or where I want to help support the artist).
Although the chart isn't adjusted for inflation (which IMHO skews the data substantially--a dollar in 1973 was worth $6.10 in 2021, the final year in the chart), it is still interesting to see the rise and fall of formats over the years.
Long live the 8-Track? 🤣
Animated Chart: The Rise and Fall of Music Sales, by Format (1973-2021)
50 years in music has seen consumption change from vinyl and cassettes to CDs and streaming. This video highlights sales of music formats over time.
www.visualcapitalist.com
Streaming of course is the top music consumption format today. Which is disturbing for the state of the artists, since they receive a pittance for plays on streaming, as opposed to direct sales of their music through other formats (which today are downloads and vinyl, which is why I purchase recordings that I like and/or where I want to help support the artist).
Although the chart isn't adjusted for inflation (which IMHO skews the data substantially--a dollar in 1973 was worth $6.10 in 2021, the final year in the chart), it is still interesting to see the rise and fall of formats over the years.
Long live the 8-Track? 🤣