Entertainment For Lively Minds
Do these charts explain anything?
Posted by Peter Hilgendorf on 22 February 2011 - 2:33am.
We learned that cassette tapes made more money in the US in 1994 than CDs do TODAY.
http://www.businessinsider.com/these-charts-explain-the-real-death-of-th...

p.s. Credit goes to my generation for peaking vinyl records at the dawn of our teenage years.
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It is based on data from the RIAA
...I'm surprised that "income from fatuous lawsuits against grannies who might have been torrenting" isn't shown.
EDIT - The linked article is well worth your time.
It explains why...
... record shops are closing. $15 per person spent on CDs?! And that was 2 years ago!
I thought it was more interesting to see that after 1973, the income from cassettes was always greater than for vinyl. Was that because they were overpriced or because they actually sold more cassettes on the US? Over here, although I knew people with some cassettes, nobody had a bigger cassette collection than vinyl collection.
It's also interesting to see that people seem to value convenience with the decline in cassette sales being mirrored by a rise in CD sales in the 80's and 90's. If the industry had this information at the birth of the world wide web, why didn't it realise that downloads would take off especially as they had a few years to think about it.
Cassettes = Car culture
Something we didn't really have in blighty.
The drop off
in digital sales over the past few years is probably the most worrying thing for the Music Industry.
It's interesting how the yawning chasm that is the 1980s
profoundly backs up the theory, expounded here and elsewhere, that music in that decade was, broadly speaking, utter pants.
One thing this doesn't explain
is who on earth was still buying recorded music on cassette in 2002?
I suspect that, if this is right, most of the sales were in the US equivalent of Edinburgh Woollen Mill.
I still buy CDs
CD sales seem to peak when I was 18. That explains so much...
To me
it looks like an Andy Warhol print of the Canadian Rockies :-)