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Friday, February 05, 2016
CDs Remain Popular In Japan


The Japanese are still favoring CDs over other means of storing and enjoying music, and Japanese teenager are still swapping CDs.

Almost 85% of all music sold in Japan moves around compact discs. And Japan is the world's second largest music market.

The U.S., number one in global record sales, has 60% more people than Japan and a 30% market share. The latter, meanwhile, already corners over a fifth of the market, and the International Federation of the Phonographic Industry (IFPI) predicts Japan could eventually dethrone the longtime CD champ.

Imports made up a paltry 11% of Japan's music revenue pie in 2015, meaning homegrown acts are raking in cash for record labels and publishers at rates far exceeding other top 10 markets.



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