Forbes recently reported three main reasons why the CD is still important.
1. Last year, there were at least 211 million CD sales in the US yielding at least $2.5 billion in revenue. I say “at least” because these numbers were taken from official RIAA data and didn’t include independent musician sales at shows and on websites, including other sales not tracked by SoundScan. Not too shabby.
2. There are still people that would rather buy a CD, especially those in country and hard rock markets.
3. Reviewers (even blog reviewers) still want CD submissions rather than digital. Plus, now there are services where you can press CDs as needed rather than having to place large orders upfront; a more economical system for independent musicians.
The CD may be old, but it isn’t dead yet.