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?