Which of the following statements is TRUE about how music streaming services have affected traditional music retail inventory management?
The music industry has undergone massive transformations in how products are designed, distributed, and monetized. One of the most significant shifts has been from physical media to digital streaming. This poll tests your knowledge about how streaming services have impacted traditional music retail and inventory management. Can you identify the accurate statistic about this industry disruption?
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- Vinyl record production decreased by 85% between 2015-2020 as streaming became dominant
- Despite streaming's popularity, vinyl record sales revenue surpassed CD sales in the US for the first time since 1986 in 2020
- Traditional retailers like Tower Records expanded their physical inventory by 30% between 2018-2021 to compete with streaming
- Music retailers now maintain equal inventory splits between digital download cards and physical media products
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