Fans still buy physical music.

Jan 24, 2024 | Industry News

A colourful assortment of music formats: several translucent CDs in green, blue, and red cases, three audio cassettes in blue, orange, and green, and parts of two vinyl records, one black and one red, overlapping each other.

Direct-to-fan sales of vinyl and CDs both grew in 2023.

CD sales hit 3.9M units, up from 3.5M

Vinyl sales hit 6.8M, up from 4.9M

Super Fans spend even more.

The 18% of fans classified as Super Fans are increasingly the focus of labels and music marketers because, compared to the average US music listener, they spend:

68% more money each month on music

126% more on artist merch

76% more on physical music

Source: Hypebot

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