Wednesday, August 27, 2014

30 Years of Music Industry Change

Everybody wants a piece of this pie.  In music, the format of your music is closely watched by music industry professionals trying the gauge what you might purchase next while making sure you still get the best quality of music.  As you are all ware of, our society has jumped between formats in the past few decades.  We have seen a significant shift in format preference from vinyl to cassette to CD to digital audio.  We are all looking for the best music can offer and are willing to pay lots of money for that privilege.  I'm sure that if someone said they are listening to music under a 128kps, they'd think you're nuts!

Check out the GIF pie chart below to simulate the shift in format purchases over the past 30 years.  It's pretty crazy to see how much of one format would monopolize music in general.  I also have the two articles I found this information from.  You can read them here and here.

**US-based recordings.  Data supplied by the Recording Industry Association of America (RIAA); animation created by Digital Music News.**

So do you think we have hit the plateau for music formats?  Since the discovery of lossless music/FLAC, do you think there is any higher that we can soar?  Do you think that someone's news ideas like PONO could change the game still?  Or did the digital/i-Pod phase put us at top of our game?

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