Rise and Fall of the CD
b'On the afternoon of October 1, 1982, Sony introduced a new home stereo gizmo\\u2026 it was the world\\u2019s first compact disc player\\u2026 they called it the CDP-101\\u2026\\n\\nWeird name, but if you take it apart, it makes sense\\u2026\\u201dCDP\\u201d stands for \\u201ccompact disc player\\u2026and \\u201c101\\u201d is binary notation for the number 5\\u2026that\\u2019s because the head of the audio division considered this first model to be in the middle of Sony\\u2019s future lineup of cd players\\u2026so \\u201c5\\u201d on a scale of one to ten, I guess\\u2026\\n\\nSony had been working on compact disc technology with a Dutch company called Philips for a number of years, which released their own machine, the cd100, about a month later\\u2026\\n\\nCompact disc technology was rolled out worldwide in march 1983\\u2026and for the next seventeen years, the recorded music industry experienced a boom unlike it had ever seen before\\u2026music fans were convinced to buy all their favourite albums again\\u2026and as the popularity of vinyl and cassettes waned, the cd became the currency of the realm\\u2026\\n\\nAnd lo, it was good\\u2026insane amounts of money were made year after year after year\\u2026\\n\\nBut nothing lasts forever and in about 2000, the bloom started to come off the cd rose\\u2026and now, cd sales are in a total free-fall as streaming becomes the way most people access music\\u2026\\n\\nThe compact disc isn\\u2019t dead yet, but it\\u2019s never going to be the juggernaut it once was\\u2026what happened?...and how?...it\\u2019s actually a fascinating story\\u2026\\n\\nThis is the rise and fall of the CD\\u2026\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'