Article 5850Z Vinyl records now outselling CDs

Vinyl records now outselling CDs

by
David Pescovitz
from on (#5850Z)

For the first time in nearly four decades, vinyl records have outsold CDs. According to the Recording Industry Association of America (RIAA), there were $232.1 million in vinyl music sales and $129.9 million in CD sales during the first half of 2020. Of course, that's pennies compared to streaming music's revenue of $4.8 billion for the same period. From CNN:

Since 2005, sales for vinyl have grown consecutively. In the first half of 2020, vinyl revenue was up 4%, while CD revenue was down 48%, according to the RIAA[...]

That makes streaming the dominating music format, accounting for more than 85% of music industry revenue.

And, um, how much of that 85% goes to the artists creating the music?

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