@tomcy6 You may not have noticed, but digital streaming is now making up about 85% of record company revenues. That may have something to do with the decline of cd sales.
CD sales in the US market actually had an uptick in 22 and 23 compared to several years ago. Especially considering outside of the U.S. the CD format is still the most popular format for listening to music. In the UK, CDs were the most popular format in 2023.
Strangely enough, digital downloads are on the decline while compared to physical sales of CDs and Vinyl being up in 2023.
For those of us who collect physical music as a hobby, we are clearly a shrinking source of revenue for the music industry.