CD sales in the United States rose in 2021 for the first time since 2004, according to the latest data from the Recording Industry Association of America (RIAA). MRC Data’s 2021 US year-end report shared by Billboard revealed a picture of albums in CD format gaining popularity this year. Revenue payouts increased to $46.6 million in 2021 from $31.6 million in 2020, with revenue increasing to $584.2 million from $483.2 million. CD sales show that one billion CD format albums have been sold in the US. Record sales, on the other hand, have been rising for more than 10 years, reaching 39.7 million units in the United States in 2021, generating $1 billion in sales. Of course, it’s not clear if this surge in CD sales will continue as the whole world emerges from two-year epidemic shutdowns. With much of society shut down from their homes due to the pandemic, it seems that a range of new hobbies and pursuits have inevitably emerged. A process closed to the home like a pandemic has reactivated people’s past habits. However, almost everywhere in the world, many music markets announced that they had stopped selling CDs due to low interest in CDs.
THE AGE OF THE INTERNET AND LISTENING TO MUSIC
According to the International Federation of the Phonographic Industry (IFPI) Global Music Report, total digital revenue grew 21.1 percent over the past three years to $11.2 billion, which is currently 58.9 percent of total recorded revenue . The increase in paid streaming revenue was 32.9 percent. Global leaders Spotify, Deezer and Apple Music lead the way in this revenue share. YouTube Music, on the other hand, tries to use artificial intelligence technology to maximize user convenience. By using different algorithms, playlists and stations are created and presented to the users. The reason for the rise of digital music listening can be explained by the fact that the number of online music (streaming) platforms has increased over the years. Of course, the more favorable pricing policy of mobile phone providers compared to previous years for Internet packages when listening to digital music seems to have had an effect. Young people in particular generally prefer listening to music to practical things. This preference for listening to music seems to be reflected in music listening habits as well as fast food meals. It is much easier for young people to listen to music on online platforms than to buy CDs or vinyl. Today, the widespread use of internet technology and broadband (broadband) seems to have made it easier to listen to music online. Ease of production and consumption inevitably present a great opportunity to quickly listen to songs and toss them aside. Therefore, lyricists and composers who are in the position of producers try to keep up with the online music listening frenzy by creating songs that are easier to consume. It seems that home studios have proliferated, pushing aside specialization and skill in music. The way of releasing music is shifting to the virtual and the words “You can hear my new album on all digital channels” echo from ear to ear.
VINOD KHOSLA AND WHAT HE SAID
US billionaire Vinod Khosla recently came to the fore by saying “I don’t think we’ll be listening to music in 10 years” as artificial intelligence applications will transform the music industry. Khosla, founder of Khosla Ventures and co-founder of Sun Microsystems, said at a meeting in the US where disruptive technologies were discussed: “I don’t think we will be listening to music in 10 years. “Instead, I believe that we will automatically hear specific song equivalents that are tailored to each individual and tailored to their brain, their listening preferences and their specific needs.” Vinod Khosla explained that these tailored song equivalents, which in accordance built with people’s personal vibes, can be created using artificial intelligence (AI) technology. Analyzing this ambitious assessment by Vinod Khosla, tech publication Techcrunch found that consumers are already using playlists that fit their “mode” rather than opting for specific artists or bands. Technology experts believe that in the near future, artificial intelligence technology will be combined with mind-reading headphones that suggest what to listen to based on a person’s mood and even be used for personalized artificial intelligence-based songs. Apple has already announced that it has acquired a startup company called “AI Music”. The venture company was known for specializing in the field of music production with artificial intelligence. It has also been widely written and drawn that the artificial intelligence trained by the company creates the music based on a number of personal characteristics of individuals such as heartbeat and mood.
While almost all musicians are debating whether or not the music should continue after 12pm, I want you to be debating the loss of the music’s soul by making it digital as much as possible.