For the first time since 2011, CDs and vinyl are surpassing digital downloads in sales. The Recording Industry Association of America released its 2017 year-end revenue report earlier this month, showing that revenue from digital downloads plummeted 25 percent to $1.3 billion over the previous year. Meanwhile, revenue from physical products fell to $1.5 billion.
“The outlook for digital downloads is bleak. This is the third year in a row they’ve posted double-digit declines, according to the RIAA. And this is the first time since 2011 they’ve fallen behind physical music media. If the trend continues, they could wind up going the way of the eight-track tape, which was overtaken in the early 1980s by the cheaper and more compact cassette.”
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