The Rise And Fall (And Rise Again) Of Music Sales, By Format (1973-2021)• https://www.zerohedge.com by Tyler Durden
But while our love for music has been constant, the way we consume media has evolved drastically. The past 50 years have seen many different music formats used to access these tunes, mirroring society's shift from analog to digital.
This video, created by James Eagle vis Visual Capitalist using data from the Recording Industry Association of America (RIAA), highlights sales of different music formats in the U.S. over the last 50 years.
Up until the late 1980s, vinyl dominated the music format industry, earning billions of dollars in sales annually. Records of Bruce Springsteen's Born to Run or Pink Floyd's Dark Side of the Moon were some of the top selling albums available.
Vinyl is said to provide its listeners with analog sounds that reverberate and the warm notes of almost-live music. For vinyl users and enthusiasts to this day, the music produced by these sleek yet massive records is unparalleled.
If you're a millennial (or younger), you may have never heard of the 8-track. But this music format played an integral part in the history of music.
When the booming automotive vehicle industry found it challenging to translate the music experience to cars using vinyl, it looked to the "Stereo 8" eight-track cartridge, better known as the 8-track. This cartridge used an analog magnetic tape and provided 90 minutes of continuous music play time.
8-track carved a niche for itself much before the advent of cassettes and CDs. And through the proliferation of vehicles, 8-track sales climbed to reach a peak revenue of $900 million in 1978.
The era of cassettes pushed 8-tracks into the history of music in the early 1980s. These pocket-sized tapes were more convenient to use than 8Tracks and quickly spread worldwide.
By 1989, the cassette format reached its peak revenues of $3.7 billion.
First released in 1982, the Compact Disc or CD came into the music market as the successor to the vinyl record.