First published on http://www.cnbc.com/
Bid farewell to your collection of movies, books and music. In another 25 years—maybe sooner—shoppers won’t own most of the digital media they consume. So there’s no way to save your library for future generations.
Purchases of digital media have been skyrocketing in recent years. Digital movie sales increased 47 percent in 2013 to nearly $1.2 billion, according to the Digital Entertainment Group, while Nielsen found streaming-music consumption rose 32 percent, for a total 118.1 billion streams. E-book sales are up 45 percent since 2011 and now represent 20 percent of the market, reports the Association of American Publishers.