Earlier we had written a post on why people don’t buy CDs in Pakistan which in my opinion was a limited analysis since it was mostly based on a user driven poll which had limited answers.
Recently there was an interesting read by TorrentFreak shedding some light on the fact that piracy isn’t actually killing the industry. It was a very interesting report filled with facts and stats analyzing how piracy isn’t killing the physical sales but its the digital revolution.
Ernesto an author on TorrentFreak wrote
With the growing popularity of the Internet, computers and most importantly MP3-players, music fans have started to trade in their CDs for MP3s and other digital files. Initially, the public had to convert CDs themselves, but in 2003 the iTunes store opened, selling over a million tracks in the first week.
After cassettes ruled the market for 3 decades, CDs killed Cassettes and likewise now Mp3s have killed CDs.