Another blow to the future of the compact disc came over the weekend

If you were in the store to buy some audio gear, it was convenient to buy your CDs at the time. Any thoughts about the continuing demise of the company disc?   Given that CD sales continue to crater–industry figures indicate a drop of more than 20% so far this year–and since streaming accounts for more than 60% if revenues, the CD’s time as the premiere recorded music format is up. They’ll also live on through things like box sets. people who want better fidelity than the what streaming offers or crappy compressed files–will move into the realm of High-Res Audio and the most esoteric region of MQA-encoded music. And once you did that, the low prices and big selection kept you coming back. Getting a release in, say, Walmart was considered to be so important that labels would even manufacture “clean” versions of albums just so the chain would stock it. Just talk to Taylor Swift and Adele about how many copies the chain sold for them. That day arrived over the weekend. And then there was Best Buy. Not that it will disappear entirely, though. As an occasional purchaser of CDs at Best Buy–and as a retailer that once happily stocked one of my Ongoing History of New Music compilation discs–I appreciated what these stores had to offer. All this has changed dramatically in the age of streaming. How long will Walmart hang on? The square footage Walmart gives over to CDs has shrunk dramatically. And then there’s Best Buy. Best Buy, a company that used to sell millions of CDs each year is forever out of that business. None. Back in February, the company announced that as of July 1, it would no longer sell CDs, period. Target’s selection is a fraction of what it was, selling inventory on a consignment basis. Target was another major mover of CDs. In the days before streaming took off, big box retailers like Walmart, Target and Best Buy were hugely important for the number of compact discs they sold for the record industry. Others–i.e. It’s also mulling of getting out of that business altogether. Hundreds of square feet of store space were devoted to CDs. It’s headed to be a niche format, something purchased by those of us who want a physical copy of an artist’s work.
Another blow to the future of the compact disc came over the weekend