"The reason for no new formats is that there has been adverse consumer reaction to updating technology."
If CDs were inherently problematic this would probably be less true. The fact is they have held up quite well for 30 years.
The market for CDs at least in most economically mature countries around the world is probably saturated at this point. The fact is there is more music out there today and still in circulation between vinyl and CD formats than ever before.
Plus the competiton now comes from otehr streaming digital music sources readily available for free or for cost also with very good quality via internet.
Plus the end user experience possible with all these digital sources out there and so many ways to access and use them is richer than ever. Most people care about other aspects of the listening to music experience in additional to whatever degree they may care about how good it sounds.
If CDs were inherently problematic this would probably be less true. The fact is they have held up quite well for 30 years.
The market for CDs at least in most economically mature countries around the world is probably saturated at this point. The fact is there is more music out there today and still in circulation between vinyl and CD formats than ever before.
Plus the competiton now comes from otehr streaming digital music sources readily available for free or for cost also with very good quality via internet.
Plus the end user experience possible with all these digital sources out there and so many ways to access and use them is richer than ever. Most people care about other aspects of the listening to music experience in additional to whatever degree they may care about how good it sounds.