Move over, iTunes. There's a new sheriff in town. Actually, it's a sheriff you may be familiar with.
It turns out, digital isn't always the way to go - at least when it comes to music. New findings from the Recording Industry Association of America show that CD and vinyl records are more popular than digital downloads for the first time since 2011. Physical copies of music accounted for 17% of the U.S. music industry's revenue in 2017. It is only second to streaming services such as Spotify and Apple Music.
Digital downloads accounted for 15 percent of the profits which is about a 25 percent drop from the year before. In comparison, CD's and vinyls only fell almost by 4 percent.
More people were still interested in buying hard copies of records rather than digital copies. They're seeing a 10 percent jump in revenue, earning $395 million last year. Shipments of CD's declined by six percent, still notching $1.1 billion in revenue.
Despite those struggles, 2017 was a great year for music. For the second straight year, the industry grew earning $8.7 billion in total revenue.