Vinyl record sales surpassed CDs for the first time since the 1980s

Carla Harmon
September 15, 2020

The latter is especially impressive, given the fact that quarantines throughout the US have surely shut down numerous independent record stores that are the lifeblood of vinyl as a format. This year, vinyl sales have outpaced CD sales in the United States for the first time since the 1980s. Since 2005, sales for vinyl have grown consecutively.

People spent $232.1 million on limited-play and extended-play records in the first half of the year, according to the Recording Industry Association of America, eclipsing the $129.9 million they spent on compact discs.

"Vinyl documents, also called" records pressed wax", were commonplace prior to other formats, including cassette tapes and CDs, be the favored way of listening to audio.

If there's no sound in the world sweeter to you than the comforting scratch of a record player needle making contact with a 12-inch LP, you're not alone.

It should be noted, at the same time, that sales of physical music media are still falling overall despite vinyl's popularity-in the first six months of 2020, total physical music sales decreased a steep 23%, to $376 million. Concerts and visits to concerts are all gone.

Despite the sluggish growth in body sales, Music streaming continues to grow. This is old news, of course-streaming has been the dominant force in the music industry more more than a decade.

Streaming services brought in a total of $4.8b, a 12% boost over the first six months of past year. Paid streaming support subscriptions, for example Spotify and Apple Music, improved by 24 percent, RIAAreported.

Streaming represented a whopping 85% of all recorded music revenue in the first half of the year with physical at 7%, downloads at 6% and synchs at 2%.

So much, entire music industry earnings have risen 5.6 percent, largely driven by flowing, for a total of 5.7 billion during the first six months of the calendar year, independently.

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