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CDs still 74% of sales in 2010. Long live the CD!

February 15, 2011 | 11:38 am

New Music Seminar Logo Yes, music is becoming digitized, streamed and downloaded. But a surprising amount of money is still being spent on old-fashioned CDs.

Nearly three-quarters of U.S. music sales in 2010 were in the form of discs, according to Tom Silverman, a board member of the Recording Industry Assn. of America.

Among some genres, the percentage of CD sales is even higher -- 93% of Latin, 85% of gospel and 84% of country records were physical discs.

"CDs aren't doing so bad," Silverman said during opening remarks at the New Music Seminar conference in Los Angeles. "People still like CDs."

Yes, CD sales are declining, Silverman said, "But we don't have to accelerate that process."

-- Alex Pham

Twitter: @AlexPham