The CD’s reign as the music industry’s biggest U.S. revenue source will end this year, eclipsed by downloads and newer streaming services such as Spotify Ltd. and Pandora Media Inc., according to a researcher.
Ritsuhiko Tajima has about 100 CDs by his favorite artist, Japanese girl-group AKB48, many of them copies of the same disk. The attraction? The CDs often include tickets to events where he can briefly meet his idols.
Amazon.com Inc. , the world’s largest online retailer, grew at a faster pace than leader Apple Inc. in song downloads in the U.S. last quarter and tied Wal-Mart Stores Inc. for second place in overall music sales.