Radio still kicking, CD sales *ouch*, Target equipment stands

Radio Still Kicking(!)

[Maybe not King, but what a shocker – we thought radio was dead]

Via Nielson

“The power of radio extends across all major demographics and ethnicities: 91% of Millennials are reached by radio each week, and penetration among both African Americans and Hispanics also exceeds 90%.”

and more…

“Of the 243 million Americans (aged 12 or older) using radio each week, 66.6 million of them are Millennials. This far outpaces the size of the weekly Generation X and Boomer radio audiences, with 57.9 million weekly listeners each. The younger generation also listens to a lot! Millennials spend more than 11 hours a week with radio, and nearly three quarters (73%) of their listening occurs while outside the home and close to making purchasing decisions.”

[Note the different (Non-overlapping!) times per day each age group listens to the radio.]

The marginalization of the CD and resulting shrinkage of the recorded music industry. 

 Via The Current.

There are still 140 million CDs sold in the US. Almost a billion worldwide. CDs are not going away for us audiophiles for many decades, and will always dwarf LP sales [IMO]

Adjusted for inflation…

OK. Let’s cry these jerks [the RIAA] a river.

They are selling CDs that cost 20 cents to make [or less, for the entire package] for $20 or so. Made some money with this scam. Created a bubble in their earnings.

Now people are fed up and do not want to pay anything at all. Surprised?

DVDs are the same scam. Even at Costco DVDs cost $18 or so. Expect more shouting when that bubble collapses as movies also migrate from product to service.

Anyway, like all bubbles, the post bubble era will be characterized by a depressed value for music, but it will recover eventually. Think one billion+ people subscribing to music services at $30/month. 

Bryston becomes international distributor for Target equipment stands.

via Canada Hifi

Glad to see this. I have a couple of Target stands here in my office holding up my monitor speakers – but I had a hard time finding where they are still being sold on the internet for our Hi-Fi Equipment Racks page. Hopefully Bryston will fix that problem.

That’s hi-fi for now folks. Good night and have a pleasant tomorrow.