CD sales plummet in US as streaming rises

Going up and up: Sales of full-length CDs fell by 31.5% in the six months through June compared with a year earlier to US$494.8mil (RM2.11bil), whereas sales from streaming totalled US$1.03bil (RM4.39bil), up 23% from a year earlier.

NEW YORK: US sales of CDs tumbled by nearly a third in the first half of the year, although the boom in streaming largely compensated for lost revenue, the industry said. 

Revenue from full-length CDs, which long dominated the industry, fell by 31.5% in the six months through June compared with a year earlier to US$494.8mil (RM2.11bil), the Recording Industry Association of America said.