Did Video Truly Kill The Radio Star ?

In the 80’s there was this popular belief that music videos would eventually result in the demise of radio.

Experts had believed that the popularity of music television would cause radio to fade away. And this prediction was so popular that it resulted in two incredibly successful singles based on radio nostalgia ; One from Queen (“Radio Ga Ga“) and one from The Buggles (“Video Killed the Radio Star“).

But it appears that this prediction was premature.

According to Nielson’s “Music 360” study, 48% of the individuals they polled claimed they “discover music most often through the radio”.

Youtube has become a major source for music in teens, 64% of the respondents having stated they listen to music on the service. But 56% of the teens polled also listen to radio.

It appears that radio is adapting and remains one of the main sources for music in teens, over two decades after the predictions were made.

Also noteworthy are the findings that compact discs still remain popular in some circles, 55% of the music fans polled having “identified physical CDs as a very or fairly good value”.

Half of the teens polled also claim to listen to compact discs. And 36% have purchased at least one compact disc within the year.

Three thousand Americans responded this online survey.

Cinram Files For Bankruptcy

Cinram, one of the world largest CD, DVD and blu-ray manufacturers, has filled for bankruptcy. This was in response to the loss of a major contract with Warner Music Group Corp.

Gartner Predicts Higher Online Music Sales

Gartner Research predicts that with the decline of the physical format (like the compact disc) that subscription services and music downloads will flourish.

In a press release issued yesterday the Connecticut based information technology research company estimated that online music sales would reach $6.8 Billion worldwide in 2012 and $7.7 Billion Worldwide by 2015.

The company also predicts a decline in compact disc sales from $15 Billion last year to $10 Billion in 2015.

Best Buy Wants Lower CD Prices

Billboard reports that Best Buy wants to reduce their CD prices to $9.99 in the states this holiday season but the labels are fighting the $7.25 wholesale price.

Best Buy had reduced the space dedicated to CDs and DVDs in their stores in Canada and the United States.

Best Buy Reduces CDs & DVDs At Stores

It appears that Americans will not be able to buy many CDs and DVDs from their local Best Buys stores this Christmas, according to

This site reports that Best Buy are reducing the store space allocated to compact discs and DVDs to instead use this space for video game consoles and electronics like tablets PCs and netbooks this Christmas season.