Sam08861
Super Member
Somehow, I thought this had happened already, thought this was interesting...
https://alt1053.radio.com/blogs/dallas/vinyl-sales-surpass-cd-sales-first-time-since-1986
https://www.riaa.com/wp-content/uploads/2020/09/Mid-Year-2020-RIAA-Revenue-Statistics.pdf
From the article....
"Despite part of the first half of 2020 including a worldwide pandemic, the music industry actually saw a 5.6% bump in revenue overall. Vinyl sales were up ($232.1 million) while CD sales (down a staggering 48%) and digital downloads saw decreases in sales.
Streaming remains king as it accounted for 85% of the industry's revenue with subscriptions increasing by 24% in the first half of the year.
2020 has also seen cassette sales double & guitar brands like Fender & Gibson see record sales #'s."
From the RIAA report, it appears streaming is king.
https://alt1053.radio.com/blogs/dallas/vinyl-sales-surpass-cd-sales-first-time-since-1986
https://www.riaa.com/wp-content/uploads/2020/09/Mid-Year-2020-RIAA-Revenue-Statistics.pdf
From the article....
"Despite part of the first half of 2020 including a worldwide pandemic, the music industry actually saw a 5.6% bump in revenue overall. Vinyl sales were up ($232.1 million) while CD sales (down a staggering 48%) and digital downloads saw decreases in sales.
Streaming remains king as it accounted for 85% of the industry's revenue with subscriptions increasing by 24% in the first half of the year.
2020 has also seen cassette sales double & guitar brands like Fender & Gibson see record sales #'s."
From the RIAA report, it appears streaming is king.
