We spend more on streaming music than we used to on CDs

Spotify is undoubtedly part of our day to day, streaming music has become the easiest and most efficient way to access a catalog that we could not even aspire to before, unless we were well off of course. Of course, we would have a shelf of CDs of a very considerable size. However, the fact that we now consume digital music does not necessarily mean that we spend less.

In fact, quite the opposite, According to the latest analysis, we are investing more money in digital music than we used to in formats such as CDs or vinyl. This has an explanation, perhaps it is precisely that now the catalog is more attractive, right?

This is how we pay around 9,99 euros per month for the subscription on duty, a smooth but constant way to tune up our portfolio. In this way and according to the data of Goldman SachsWhile in mid-1999 the average user invested between forty and fifty euros a year to buy CDs that most caught his attention (approximately five, which offers an average of about eighty songs), but we invested around 110 euros a year, yes, for an almost infinite catalog. Although we spend much more, the reality is that the proportion of content that it offers us is much higher.

The reason is clear and we have said it more, users are willing to pay if what they are offered is really worth it, this is how they are reacting to the world of streaming music, which has become another year of revenue records after a good handful of years of plummeting. Meanwhile, we will continue listening to our favorite songs where we want and how we want, welcome to what is clearly the digital age.