U.S. CD Sales Show 19.1% Drop According to Billboard's Luminate Data, Contradicting RIAA's Growth Report

U.S. CD Sales Show 19.1% Drop According to Billboard's Luminate Data, Contradicting RIAA's Growth Report

By Marcus Hartley

November 17, 2024 at 08:43 PM

U.S. CD sales data shows conflicting trends in 2024, with Luminate reporting a 19.1% year-over-year decline while RIAA indicates a 3.3% growth for H1 2024.

Stacked CDs on retail shelves

Stacked CDs on retail shelves

Key Statistics:

  • Luminate Data: 22.2 million CD sales in 2024 (down 19.1% from 27.4 million in 2023)
  • RIAA H1 2024 Data: 16.8 million CD sales (up 3.3% from 16.2 million in H1 2023)
  • RIAA Revenue: $236.7 million (up 0.3% from $236 million)

The significant data discrepancy can be attributed to Luminate's methodology changes implemented in early 2024. These changes:

  • Modified tracking systems for independent retail stores
  • Resulted in the exclusion of some local record store sales data
  • Were adjusted again in late April 2024

Billboard has acknowledged these methodology changes through a disclaimer, stating the new system "more accurately represents the independent retail market" but lacks comparable historical data for year-over-year trends in physical sales.

The contrasting reports raise important questions about:

  • The accuracy of current sales tracking methods
  • The reliability of historical data comparisons
  • The true state of physical music sales in the U.S. market

This data controversy follows similar discrepancies in vinyl sales reporting, suggesting a need for more consistent and transparent tracking methods in physical music sales.

Businessman checking phone with charts

Businessman checking phone with charts

Emmy Feldman in white shirt

Emmy Feldman in white shirt

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Colorful YouTube gift jewel icons

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