Friday, October 17, 2014

Will CDs Be Extinct Soon?

Will CDs be extinct soon? I believe that they will, due to the fact that the Internet and satellite radio has become the go to place for music lovers. Cars today still comes with a CD player, but they also offer you satellite radio through a subscription that a lot of individuals subscribe to. A lot of cars today are equipped with an auxiliary input for individuals to plug their phone or iPod to for music; and this is the reason why I ask, will the CDs be extinct soon?

How many people today are actually going into stores and purchasing their favorite artist or group’s CD when they are released? I bet not many. Instead people use Internet sites to stream and download the music; and there are some folks that choose to go to piracy sites and download all their music for free. With so many mobile devices today, that have access to downloading and streaming music, what do we really need a CD for? Lets be honest here.

Independent artists and groups, and even the ones signed to music labels are using digital sites to upload and sell their music, because the Internet is where an average American spends most of their day on, whether it’s on their mobile phones and computers, or on their desktops. Compared to back in the day, it’s not important at all to an artist or group to get signed to a major record label, because there are so many Print on Demand (POD) sites where they can get their music published and sold; and also earn 91% of the money that they accrue from selling their music. Dealing with POD sites are very inexpensive and less of a headache to deal with, rather than wait for your turn to be promoted and marketed by a major record label. As they say, time waits for nobody.

TuneCore, which is a POD site paid artists $32.7 million in Q3 2014 for music distribution. Those numbers have brought the total amount paid to distribution clients since TuneCore’s inception in 2006 to $471.5 million, based on 10.6 billion combined streams and downloads. How can an artist, group, or producer go wrong using these POD sites, when they are developing numbers like this? That is why I ask you the question that I ask you; and that is, will the CDs be extinct soon?