Vinyl data have outsold CDs within the US for the primary time for the reason that 1980s, based on knowledge from the Recording Business Affiliation of America (RIAA).
A report on the primary half of 2020 throughout the recorded music business reads: “Vinyl album revenues of $232m had been 62% of complete bodily revenues, marking the primary time vinyl exceeded CDs for such a interval for the reason that 1980s.” The report acknowledged that vinyl data accounted for under 4% of complete recorded music income.
Streaming continues to extend its dominance of the market. It made up 85% of income within the first half of 2020, producing $4.8bn, in contrast with $4.3bn in the identical interval final yr when its share was 80%. Digital downloads now account for under 6% of income.
US listeners are additionally more and more keen to pay for premium companies to hearken to music ad-free, up from 58.2m within the first half of 2019 to 72.1m in the identical interval this yr.
Vinyl’s reputation additionally continues to develop within the UK, with gross sales increasing in 2019 by 4.1% on the earlier yr, although the speed of progress has slowed following the “vinyl revival” growth in the midst of the final decade.