CD stands for ‘Collection Dinosaur’

From Business Insider:

The chart is entitled “The Death of the Music Industry” but has nothing more to offer to justify that explanation in the original post. Rather than speculate on that and in looking at it from the library perspective, all I can see is a shifting of collection budgets from CDs to digital content. And in going towards digital music content, that brings up a whole new ballgame regarding vendors, what they offer, how they offer it, and the rights and licenses that would be involved with that. There will need to be robust platforms in order to provide support for an increasing scheme of digital music content.

Unfortunately, this graph needs about four more years worth of data to give a better picture on when the CD will be virtually obsolete and how much digital content will take over the market. But those CDs we own are going to be museum ready in the next ten years. I think it emphasizes the importance of having a website that can handle more digital content that will be coming down the pipeline.

Edit: Changed some wording in the last paragraph. Thanks Steve for pointing it out!

13 thoughts on “CD stands for ‘Collection Dinosaur’

  1. Pingback: Tweets that mention CD stands for ‘Collection Dinosaur’ « Agnostic, Maybe -- Topsy.com

  2. Well, our CD circulation stats were *up* nearly 14% in 2010 over 2009. That is more impressive given that our overall circulation was down 1.5%. In fact, based on percentage increase, CD circulation was nearly 10 percentage points higher than the next category (which was CD audiobooks). I’d be curious what other libraries experienced? And it will be interesting to see what happens this year. It may be that CD collections in libraries will have a little longer lifetime relative the consumer market.

    • My guesses: people borrowing CDs rather than buying, of course, but you can easily rip those CDs into iTunes or copy them. So, they aren’t buying CDs or digital, but pirating from the library.

      They will survive as long as cars keep having CDs in their stereo system. When you start seeing cars without them (much like tape decks in cars), then it will be a noticeable shift in the market.

  3. The chart that will look even more interesting in five years is the one that tracks movie circulation from film to VHS to DVD to digital…assuming that there is some way for libraries to get into the digital circulation market.

    • If there is money to be made from it, they will find a way. Because the person who watches the movie may buy all the other merchandising crap that goes with it.

  4. I looked at the full article, at the suggestion of one of the librarians who works at my library. And, his comment was:
    “I didn’t realize the RIAA was the source of this data. That’s like asking Chris Christie to determine our circ stats.”

  5. “I think it emphasizes the importance of having a website that can handle more digital content that will be coming down the pipeline.”

    I’m not sure what handling more digital content means. Are you talking about doing something technology-wise to increase bandwith or some other speed/size metric? Or simply putting our digital resources more front and center on our pages?

  6. At least for me, what’s happened is that I don’t even remember when I have bought a CD last time. Actually, I have just sold them lately. I prefer Spotify these days, it’s so easy and cheap.

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