<\/p>\n
Is physical music doomed?\u00a0A new survey<\/a>\u00a0found more Americans believe streaming music is \u201csuperior\u201d than all physical forms of music combined.<\/p>\n The poll of 2,000 U.S. adults found 38% believe streaming services like Apple Music and Spotify are superior to their physical counterparts \u2014 where 13% believe CDs are supreme, 12% are vinyl purists and 1% think nothing comes close in quality to cassettes.<\/p>\n Another 14% said they still believe radio stations are the best way to listen to music, and 4% prefer digital music files.<\/p>\n Surprisingly, a mere 15% said hearing the music live, in-person was the best way to listen in. Yet live music was found to be the most expensive, on average.<\/p>\n Conducted by\u00a0Talker Research<\/a>, it was revealed that in a single year, respondents said they\u2019ve spent a total of $274 on music, on average \u2014 $100 on live concerts, $75 on streaming services, $53 on CDs and $46 on vinyls.<\/p>\n But many believe the cost of music is way too high. When asked how much respondents believe different formats of music should cost them, their answers were consistently lower than what they actually pay.<\/p>\n Thirty-five percent of people believe a single month of streaming shouldn\u2019t cost them more than $10, even though a majority (59%) are willing to pay up to $20 for the convenience.<\/p>\n The same can be said about digital albums and a single MP3 file \u2014 38% won\u2019t pay more than $10, while 27% think individual files should be free, with 18% only willing to pay between $1 and $5.<\/p>\n Respondents said they would spend a bit more on physical types of music. More than half (52%) believe a single CD or a cassette should cost $15 at most, and vinyls are allowed to cost up to $20, according to 54% of consumers.<\/p>\n \u201cStreaming is great because you can obtain nearly anything you require almost all the time. But [it\u2019s] sort of like fast food \u2014 fast and convenient, and you may not even pay much attention,\u201d explained Steve Nixon, jazz pianist and founder of\u00a0freejazzlessons.com<\/a>. \u201cWith physical music, the experience is different. You decide. You walk into the store, you pick up the disc, and you hold it in your hands.<\/p>\n \u201cThat is the experience. You obtain the artwork from the sleeve, the packaging, and the weight of the disc. There is something about it you cannot obtain through streaming. It is not about the music; it is about the process.\u201d<\/p>\n The study also found a strong indication that people prefer to support live music, though the cost barrier was apparent to some. Two in three said they don\u2019t want to pay more than $100 for a ticket, but the average person is willing to shell out $427 to see their favorite artist perform live.<\/p>\n However, the average person can also recall missing out on at least 10 live shows because ticket prices were too expensive for them to justify.<\/p>\n \u201cTo make something physical takes some time; you can’t immediately make it physical,\u201d continued Steve. \u201cIf you buy something physical, you support the artist. Music streaming platforms pay artists very little for their work. If you pay slightly extra for the record, you ensure the artist is fairly remunerated for something they spent their creativity and energy upon. You aren’t only hitting the play button and leaving the next track for the algorithm to decide.<\/p>\n \u201cIt’s a tough one. Music sales may not compete against streaming. But the connection artists now have with their fans is greater. If you only listen to the radio and rapidly switch through the songs, you will not experience this. If you listen to one track from one album, the experience is entirely different.\u201d<\/p>\n Survey methodology:<\/strong><\/span><\/p>\n Talker Research surveyed 2,000 general population Americans<\/strong>; the survey was administered and conducted online by\u00a0Talker Research<\/strong>\u00a0between\u00a0Feb. 7 and Feb. 10, 2025.<\/strong><\/em><\/p>\n<\/p><\/div>\n\nAmericans Spend $274 Yearly on All Music Formats<\/h2>\n
Fans Want Live Shows but Prices Keep Them Away<\/h2>\n