The music industry as well as any other industry and field of human life is constantly subjected to technological progress. This industry has experienced a lot of changes of music formats beginning from vinyl and finishing with cassette in the 1980's, then to CD in the 1990's. A CD is a disc for storing not only of musical information but also any digital data. Nowadays, with digital sharing and music download opportunities mankind has successfully entered a digital era. CD is of great help not only for facilitating downloading of music files in a cheaper rate but also storing music of extremely high quality.
As nowadays people are offered a wonderful opportunity of uploading free music from different online music shops the music CD sales are greatly influenced. This is also a major reason for digital piracy that resulted in decreasing sales of music CDs. Besides, a lot of music consumers can download copies of various sorts of music from file sharing services and other sources instead of buying a music CD.
Nevertheless, it would be wrong to confirm that it’s piracy that’s the most significant reason for the fall of music CDs’ popularity. In fact, you may be surprised that there’s a great number of other factors that are influencing the music CD sales. Those factors immensely affecting the popularity of CD sales include poor quality of product, bad marketing tactics and digital rights which restrict technologies.
In the contemporary life, most of people prefer to use DVD players and broadband Internet connections. The major reason for it is that these resources are able to completely meet their entertainment interests and needs in a much lower cost than purchasing music CDs. Besides, such a way of music search takes less time and an individual has an opportunity to choose the music he’s interested in. In addition, the recorded music doesn’t require too high financial expenses; as a result, many consumers are able to create music CDs by either borrowing a CD from his or her friend or downloading from the Internet websites offering. According to the statistical data thousands of billions of songs are downloaded each month, mostly illegally, from P2P networks. It has to be mentioned that since marginal price of recorded music is constantly declining the music bands will need to find other ways of making money. One of such ways will consist in the fact that the consumers are going to get latest concerts in live TV shows than from a music CD. This will help the bands and musicians to make more money.
It’s known that the music industry focuses more on digital music with the intention to compensate the inevitable decrease of the sale of music CDs. They have also launched the Apple's iTunes Store gives an opportunity to conveniently and quickly find and use music on the virtual shelves. This discovery has greatly changed the music retailing, reducing the popularity of CDs.
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