Connect with us

News

CD sales are making an unexpected comeback amid a retro tech boom

info

Published

on

Retro tech is making a comeback, and this week, the Recording Industry Association of America (RIAA) put hard numbers to that trend in terms of music consumption habits. Surprisingly, the organization reported that CDs — yes, the shiny, round things that Spotify supposedly killed — are growing once again.

According to the RIAA’s new report, CDs generated $171.1 million in revenue during the first half of 2026 — up 58.6% from roughly $107.9 million in the first half of 2025 — on 17.5 million units sold, up 45.7% from about 12 million units in the same period last year.

That rebound is all the more interesting because it follows a rough 2025. Last year’s full-year report showed CD revenue had actually fallen 7.8% for the full year, from $338.9 million in 2024 to $312.4 million in 2025, while units sold dropped 11.6%, from 33.3 million to 29.5 million.

The growth comes amid a surge of renewed interest in simpler tech, like so-called “dumbphones,” digital cameras, typewriters, landlines, and physical media like CDs and vinyl, among other categories. For Gen Z, the demand for these devices represents a sort of yearning for an era of tech they never got to experience — where you had more control over when you engaged with technology and how, and tech itself had less room to invade your life with its notifications, addictive apps, and algorithms.

Several startups are playing in this space now, too, including landline makers like Tin Can, Ooma, and Pinwheel, and non-smartphones like those from Light, Dumb Co, Minimal, and others, including the soon-to-launch BlackBerry-like Clicks. Meanwhile, Gen Z consumers are snapping up old gadgets at thrift stores or on vintage tech websites like eBay or Retrospekt.

And to be fair, the trend could be bigger than the RIAA’s numbers demonstrate, as they don’t include used CD sales, like those discs bought from thrift bins or garage sales, nor do they account for how many CDs have now been handed down from Gen X parents to their kids.

We should note there’s one caveat to the trend here.

The RIAA changed how it calculates dollar figures in 2025, switching from estimated retail value to wholesale value. That means the 2024 and 2025 revenue numbers aren’t directly comparable. But unit sales, which aren’t affected by that change, tell the same fundamental story: 29.5 million CDs sold in 2025, down from 33.3 million in 2024. So CDs were still declining before this year’s unexpected rebound.

Vinyl sales continue to grow, too. In fact, so-called physical media revenue in the first half of 2026 jumped 25.9% to $731.5 million, driven ⁠not only by the 58.6% increase in CD revenue but also by a 17.7% increase in vinyl revenue.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Supporters’ Club Crisis: Sports Marketing Consultant Advocates 90-Day Election, Unified National Platform

info

Published

on

By

WhatsApp Image 2026 09 04 at 2.47.49 PM.jpeg

A Sports Marketing consultant to several Nigerian football supporters’ organisations, Olisemeka Obi, has called for an urgent and transparent resolution to the lingering leadership crisis within the Nigerian Football Supporters’ movement, following the expiration of the tenure of the Interim Management Committee (IMC).

Obi, who has worked professionally with different factions within the supporters’ movement, said the current situation should no longer be viewed as a contest between personalities or rival organisations, but as an opportunity to establish a sustainable structure for supporting Nigeria’s national teams.

Olisemeka Obi

Read Also: “We Need A New Start” — Ijeh Warns Against Return Of Former NFF Administrators | Sports247 Nigeria

Speaking against the backdrop of the controversy surrounding the continued operation of the IMC after the expiration of its mandate, Obi said the original unification initiative was a welcome development that should be preserved, but argued that an interim arrangement should not become permanent.

He noted that the subsequent resignation of the NFF Board which participated in the establishment of the IMC had made the situation more delicate, but should not be used as justification for extending an expired mandate.

“What we need now is a reset—not another faction,” Obi said.

According to him, the solution does not necessarily require the dissolution of the existing supporters’ organisations, which have their own histories, identities and loyal memberships.

Rather, he advocated a structure in which the six independent organisations retain their identities while operating under one recognised national coordinating platform for supporters of Nigeria’s national teams.

Under the proposed arrangement, he said, “the organisations should have one coordinated national supporters’ platform and delegation whenever Nigeria plays. There could be an agreed dress and branding arrangements where appropriate”. According to him, unified Supporters will have uniform chants, music and match-day activities with common rules and standards of engagement.

He also opined that there should be rransparent allocation of tickets, travel opportunities and other support with none of the factions claiming exclusive ownership of the Nigerian national team supporters’ movement.

Obi said such an arrangement would provide a more realistic definition of unity.
“Unity does not necessarily mean erasing history. It means agreeing on the things that must be done together,” he said.

He further called on the National Sports Commission, in conjunction with the appropriate transitional structure of the Nigeria Football Federation, to convene all recognised stakeholders and establish a neutral transition and electoral process.

The former consultant recommended that the entire process should be completed within 90 days, with a clear timetable covering reconciliation and verification of stakeholders, development of electoral guidelines, nominations and screening, campaigning, voting and handover.

He stressed that the election must be transparent, inclusive and credible enough to command the confidence of all participating organisations.

Obi, who has previously consulted for the Nigerian Football Supporters Club and was involved in attracting sponsorship funding for a World Cup trip, also worked with the Vincent Okumagba-led Super Eagles Supporters Club on events and media relations. He has equally consulted for the All Sports Supporters Club.

Drawing from his experience with the various organisations, he said the supporters’ movement must now move beyond personalities and institutionalise its leadership.

“Nobody should be bigger than the institution. The Super Eagles are bigger than every supporters’ club. Nigerian football is bigger than every individual,” Obi said.

He added that Nigerian football supporters deserve a structure whose legitimacy derives from a credible and transparent process rather than an expired mandate, political influence or personal loyalty.

Obi, who is a Chartered Public Relations practitioner urged all stakeholders to embrace statesmanship and focus on building a supporters’ movement capable of providing unified, professional and effective support for Nigeria’s national teams.

“Let the past be acknowledged. Let the disagreements be resolved. Let the six groups find a workable framework for unity. Let there be an election within 90 days, and let those who emerge be given the opportunity to build a supporters’ movement worthy of Nigerian football,” he said.

He emphasised that the ultimate objective should not be determining who controls the supporters’ movement, but how the movement can better support Nigeria and the Super Eagles.

Continue Reading

Business

Dangote Refinery to launch $1.5 billion IPO mid-September

info

Published

on

By

Dangote Refinery 2 1024x831 1 e1778177983979.jpg

MTN ADVERT

Dangote Refinery will open the order book for its initial public offering to retail investors on 14 September, effectively kickstarting the $1.5 billion public share sale, said to be the continent’s biggest ever, Reuters reported Friday, citing two sources who have close knowledge of the move.

Pricing will commence at any moment now at N525 per share ($0.40), with 4.1 billion shares up for subscription, the report added, noting that the sources spoke on the understanding that their identities will not be disclosed.

The crude processing plant, which holds the distinction of being the world’s largest single-train refinery, will have the latitude to sell 15 per cent of the offer size in addition to the total number of shares up for grabs in the event the transaction is oversubscribed, a source was quoted as saying.

The facility, owned by Africa’s richest man, Aliko Dangote, is ready to double nameplate capacity to 1.4 million barrels per day (bpd).

Financing will be provided by proceeds from both the planned equity sale and a private placement held in July, which raised $2.5 billion from institutional investors and high-net-worth individuals. It was 270 per cent oversubscribed.

PT WHATSAPP CHANNEL

Another refinery, the size of the current one at 700,000 bpd, is to be established in the coastal town of Lamu in Kenya, strategically conceived by the Dangote Group as the gateway to the broader East African market.

READ ALSO: Dangote Cement sets date for London capital markets day ahead of LSE listing

Last month, the group offered a 30 per cent stake in the proposed refinery to countries in the region, including Kenya, Rwanda and Ethiopia.

The groundbreaking is scheduled for this month.

Dangote Refinery is exploring a cross-border listing on the Johannesburg Stock Exchange, the continent’s foremost bourse, following a primary listing in Lagos.

The corporation said in August that a London listing, which its sister company, Dangote Cement, is actively pursuing, is not on the cards, adding that a potential listing in the UK capital is at least three years away.


Discover more from Premium Times Nigeria

Subscribe to get the latest posts sent to your email.

Continue Reading

Trending