Vinyl Sales Generate More Revenue

While the on demand ad based music services are generating more money than ever 163 million in the first half this year as opposed to 128 million last vinyl sales at 222 million have.

Vinyl sales generate more revenue.

In 2019 18 8 million lps were sold in the. Vinyl sales on track to earn more than cds for first time in over 30 years. The riaa s mid year report for 2019 was released thursday and vinyl sales have. Vinyl record sales surpass cd revenue for first time since 1980s by more than 103 million with the most popular including harry styles and queens greatest hits vinyl records raked in 232 1.

The riaa reported vinyl sales alone accounted for more than one third of the total revenue from physical albums. Continuing one of the more surprising comebacks of the digital age vinyl album sales in the united states have grown for the 14th consecutive year. Vinyl revenue grew 12 8 in the second half of 2018 and 12 9 in the first six months of 2019. Vinyl sales contributed 62 percent of total physical music media revenues which dropped 23 percent year on year a decline the riaa attributed to the coronavirus pandemic s shutdown of music venues and stores.

Compare that to new vinyl sales which reached 16 million units and 395 million in revenue last year according to riaa figures. Skeptics counter that this is a far cry from vinyl s early 1980s. Cd sales revenue fell a staggering 34 to 698million the first time the format has generated less than 1billion since 1986. While ad based music streaming services are generating more money than ever 163 million in the first half this year as opposed to 128 million last vinyl sales have those figures soundly beat ringing in over 222 million in revenue over the same period.