Source: The Verge
After two decades of decline, CD shipments grew 1.9% in 2023 and revenues hit $1.1 billion, driven by younger consumers treating them as collectible objects and superior audio quality. The growth reflects a consumer shift away from algorithmic playlists and subscription fatigue toward tangible ownership, curated listening experiences, and the tactile ritual of physical media. For music labels and artists, the resurgence offers a higher-margin revenue channel and a way to differentiate fan engagement beyond streaming payouts, particularly in niche communities where the album format remains culturally intact.