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After their commercial release in 1982, compact discs and their players were extremely popular. Despite costing up to $1,000, over 400,000 CD players were sold in the United States between 1983 and 1984. [14] By 1988, CD sales in the United States surpassed those of vinyl LPs, and, by 1992, CD sales surpassed those of prerecorded music-cassette ...
An LP record on a phonograph. Technological developments in the early 20th century led to sweeping changes in the way recorded music was made and sold. Before the LP, the standard medium for recorded music had been the 78 rpm gramophone record, made from shellac and holding three to five minutes per side. [3]
The HMV Vault in Birmingham, England is now the world's largest record shop, opening its doors in October 2019. Before this, the former HMV in Oxford Street, London, England claimed to be the world's largest record store. The shop was originally opened in 1921 by the composer Sir Edward Elgar and had four floors of CDs, LPs, singles and DVDs.
They were also listened to by a growing number of audiophiles. The phonograph record has made a niche resurgence in the early 21st century, [2] [3] growing increasingly popular throughout the 2010s and 2020s. [4] Conductor and cast members of the D'Oyly Carte Opera Company with acoustic recording horn at HMV, c. 1924
The growing popularity of the compact disc (CD) in the late 1980s led to the introduction of the CD player in standard boombox design. During the 1990s, boombox manufacturers began designing smaller, more compact boomboxes, which were often made out of plastic instead of metal as their counterparts from the previous decade had been. [3]
However, as The Economist reported, "paid digital downloads grew rapidly, but did not begin to make up for the loss of revenue from CDs." [2] The 2000s period stands in stark contrast from the "CD boom" of 1984–1995, when profit margins averaged above 30% and industry executives were notorious for their high profile, even frivolous spending. [3]
The analogue format made of polyvinyl chloride had been the main vehicle for the commercial distribution of pop music from the 1950s until the 1980s when it was largely replaced by the cassette tape and then the compact disc (CD). After the turn of the millennium, CDs were partially replaced by digital downloads [9] and then streaming services ...
After their commercial release in 1982, compact discs and their players were extremely popular. Despite costing up to $1,000, over 400,000 CD players were sold in the United States between 1983 and 1984. [21] By 1988, CD sales in the United States surpassed those of vinyl LPs, and, by 1992, CD sales surpassed those of prerecorded music-cassette ...