Is Vinyl making a comeback? Ask Garth Brooks!
By Ben Beaumont-Thomas, The Guardian | Vinyl records have outsold CDs in the US for the first time since the 1980s, according to data from the Recording Industry Association of America (RIAA).
A report on the first half of 2020 across the recorded music industry reads: “Vinyl album revenues of $232m were 62% of total physical revenues, marking the first time vinyl exceeded CDs for such a period since the 1980s.” The report acknowledged that vinyl records accounted for only 4% of total recorded music revenue.
Streaming continues to increase its dominance of the market. It made up 85% of revenue in the first half of 2020, generating $4.8bn, compared with $4.3bn in the same period last year when its share was 80%. Digital downloads now account for only 6% of revenue.
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Read the whole story here:
https://www.theguardian.com/music/2020/sep/14/vinyl-records-outsell-cds-in-us-for-first-time-since-1980s