The Rise and Fall of Music Sales, by Format (1973-2021)
We live in a world of music. Whether when driving to work or jamming out at home, people around the world like to have their favorite tunes playing in the background.
But while our love for music has been constant, the way we consume media has evolved drastically. The past 50 years have seen many different music formats used to access these tunes, mirroring society’s shift from analog to digital.
This video, created by James Eagle using data from the Recording Industry Association of America (RIAA), highlights sales of different music formats in the U.S. over the last 50 years.
Up until the late 1980s, vinyl dominated the music format industry, earning billions of dollars in sales annually. Records of Bruce Springsteen’s Born to Run or Pink Floyd’s Dark Side of the Moon were some of the top selling albums available.
Vinyl is said to provide its listeners with analog sounds that reverberate and the warm notes of almost-live music. For vinyl users and enthusiasts to this day, the music produced by these sleek yet massive records is unparalleled.
If you’re a millennial (or younger), you may have never heard of the 8-track. But this music format played an integral part in the history of music.
When the booming automotive vehicle industry found it challenging to translate the music experience to cars using vinyl, it looked to the “Stereo 8” eight-track cartridge, better known as the 8-track. This cartridge used an analog magnetic tape and provided 90 minutes of continuous music play time.
8-track carved a niche for itself much before the advent of cassettes and CDs. And through the proliferation of vehicles, 8-track sales climbed to reach a peak revenue of $900 million in 1978.
The era of cassettes pushed 8-tracks into the history of music in the early 1980s. These pocket-sized tapes were more convenient to use than 8Tracks and quickly spread worldwide.
By 1989, the cassette format reached its peak revenues of $3.7 billion.
First released in 1982, the Compact Disc or CD came into the music market as the successor to the vinyl record.
Developed by Philips and Sony, sales of the sleek and portable CD grew quickly as home and car stereos alike added CD functionality. The format brought in $13.3 billion in revenue in both 1999 and 2000. To date, no other music format has reached the same milestone since.
Digital Music Formats
When it comes to preferred music formats over time, convenience (and cost) seem to have been the biggest catalysts of change.
From the start of the early 2000s, CDs had started to be replaced by other forms of digital storage and distribution. The massive shift to internet consumption and the introduction of digital music, available through downloads, pushed audio CD sales down rapidly.
The launch of streaming platforms like Spotify in 2006 exacerbated this decline, with CD sales dropping by around $4 billion in five years.
Digital sales continued to evolve. Ringtone sales alone brought in $1.1 billion in 2007, and in 2012, the revenues from downloads shot up to a peak of $2.9 billion. But music streaming platforms kept climbing through 2021, and will likely continue to be the future face of music consumption.
|Rank||Music formats||Revenue in 2021|
Music streaming and subscription services pushed the accessibility of music to new highs, especially with free ad-supported platforms.
In 2021, streaming secured the music industry a whopping $11.5 billion in sales, good for 76% of the total. If it keeps growing in popularity and accessibility, the format could potentially challenge the peak popularity of CDs in the late 90s.
The Vintage Comeback?
There’s no doubt that digital music formats are getting increasingly popular with every passing year. However, one of our vintage and beloved music formats—the vinyl record—seems to be making a comeback.
According to the RIAA database, the revenue earned by LP/EP sales has shot up to $1.0 billion in 2021, its highest total since the mid-1980s.
This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Visualizing the Odds of Dying from Various Accidents
This infographic shows you the odds of dying from a variety of accidents, including car crashes, bee stings, and more.
Infographic: The Odds of Dying from Various Accidents
Fatal accidents account for a significant number of deaths in the U.S. every year. For example, nearly 43,000 Americans died in traffic accidents in 2021.
Without the right context, however, it can be difficult to properly interpret these figures.
To help you understand your chances, we’ve compiled data from the National Safety Council, and visualized the lifetime odds of dying from various accidents.
Data and Methodology
The lifetime odds presented in this graphic were estimated by dividing the one-year odds of dying by the life expectancy of a person born in 2020 (77 years).
Additionally, these numbers are based on data from the U.S., and likely differ in other countries.
|Type of Accident||Lifetime odds of dying (1 in #)|
|Motor vehicle accident||101|
|Complications of medical and surgical care||798|
|Accidental building fire||1,825|
|Choking on food||2,745|
|Drowning in swimming pool||5,782|
|Accidental firearm discharge||7,998|
|Bee or wasp sting||57,825|
For comparison’s sake, the odds of winning the Powerball jackpot are 1 in 292,000,000. In other words, you are 4000x more likely to die by a lightning strike over your lifetime than to win the Powerball lottery.
Continue reading below for further context on some of these accidents.
Motor Vehicle Accidents
Motor vehicle accidents are a leading cause of accidental deaths in the U.S., with a 1 in 101 chance of dying. This is quite a common way of dying, especially when compared to something like bee stings (1 in 57,825).
Unfortunately, a major cause of vehicle deaths is impaired driving. The CDC reports that 32 Americans are killed every day in crashes involving alcohol, which equates to one death every 45 minutes.
For further context, consider this: 30% of all traffic-related deaths in 2020 involved alcohol-impaired drivers.
The odds of drowning in a swimming pool (1 in 5,782) are significantly higher than those of drowning in general (1 in 10,386). According to the CDC, there are 4,000 fatal drownings every year, which works out to 11 deaths per day.
Drowning also happens to be a leading cause of death for children. It is the leading cause for kids aged 1-4, and second highest cause for kids aged 5-14.
A rather surprising fact about drowning is that 80% of fatalities are male. This has been attributed to higher rates of alcohol use and risk-taking behaviors.
Accidental Firearm Discharge
Lastly, let’s look at accidental firearm deaths, which have lifetime odds of 1 in 7,998. That’s higher than the odds of drowning (general), as well as dying in an airplane accident.
This shouldn’t come as a major surprise, since the U.S. has the highest rates of gun ownership in the world. More importantly, these odds highlight the importance of properly securing one’s firearms, as well as learning safe handling practices.
As a percentage of total gun-related deaths (45,222 in 2020), accidental shootings represent a tiny 1%. The two leading causes are suicide (54%) and homicide (43%).
Interested in learning more about death? Revisit one of our most popular posts of all time: Visualizing the History of Pandemics.
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