Physical Music Is Endangered

Nothing beats the convenience of having decades worth of music at your disposal at any time, any place, all at a monthly fee equivalent to the price of a single album. Considering this, the unstoppable rise of Spotify and other streaming services doesn’t come as surprise. What is a bit surprising is the pace at which people abandoned physical music.

According to data from Statista Consumer Insights, less than three in ten respondents across several major markets said they listened to music from physical formats at all, indicating that countless CDs and CD players lead a miserable existence in the back of people’s basements.