Issue Date: Vol. 52, No. 8, August 2012, Posted On: 7/16/2012
CD Sales Drop 60% Since 2005
TAGS: jukebox, juke box, compact disc, CD sales, Nielsen Soundscan, music consumer trends, Digital Music News, Paul Resnikoff, digital music, Jukebox License Office, coin machine operator, vinyl 45rpm records
NEW YORK CITY -- U.S. sales of CDs have fallen from roughly 600 million units in 2005 to an estimated 2 million units this year, according to Nielsen Soundscan, which tracks economic activity in a variety of media markets.
From 2007 to 2010, CD sales fell 18% to 20% annually. Year-over-year declines have been a bit less steep since then, but the trend remains consistently downward.
In a recent story, Digital Music News projected that if CD sales drop 5% annually for the next decade -- a "conservative" forecast, according to DMN publisher Paul Resnikoff -- then "the CD [will be] effectively dead by 2022" with only 1 million units moving a year. | SEE STORY
Last year, there were 17,600 CD and 45 jukeboxes registered by the Nashville-based Jukebox License Office, compared with 22,000 in 2010. Vinyl 45rpm records remain available from a handful of specialty houses that supply collectors and jukebox operators.