The awful truth about CDs, do they have the same shelve life as LP's ?

There is such a thing as CD rot but it's not a widespread problem. A friend bought a bunch of CDs from the Koch label(I believe) that went bad. The company ended up replacing his for free as well as thousands of others. DVDs are actually worse because of the poorer dye that is used.
https://en.wikipedia.org/wiki/Compact_Disc_bronzing

jds7, Sorry I didn't see your link before I posted.

CDs in my collection, that I've had since the 80s, still play and sound very well, but they have always been stored and handled with great care. I have had several CDRs go bad over the years, even though getting the same care and handling. I have LPs from the 60s, 70s and 80s that still sound great.
I too believe the industry is pushing to move us away from CDs and into streaming  and downloads. I'm afraid that, like analogue LPs, CDs will become harder to find and and more expensive to buy. Being a hands on person and not having much interest in the download craze, I'm hoping that CDs, as well as the analogue comeback, will hang on for some time yet.
Jim

 This whole BS scare tactic began back when one manufacturer messed up the finishing process on a specific number of discs that were eventually exchanged and replaced. Notice we haven't heard about this for many years until the OP heard what Paul Mc Gowan said and  posted it. 

They could last a million years, but they’ll still sound shrill and lifeless. Enjoy.