Sales of vinyl records surpassed those of CDs in the U.S. for the first time since 1986, marking a key turning point for the format’s nostalgia-fueled resurgence.
People spent $232.1 million on long-play and extended-play records in the first half of the year, according to the Recording Industry Association of America (RIAA), eclipsing the $129.9 million they spent on compact discs.
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More Data From the RIAA:
Among the key findings, total first-half 2020 revenues from recorded music in the U.S. increased 5.6% to $5.7 billion. Paid streaming subscriptions continued to drive the growth as the number of paid subscriptions increased by 24% to more than 72 million on average, growing subscription streaming revenues for first-half 2020 by 14% versus first-half 2019. At the same time, with advertising markets slowing across the economy due to the COVID-19 pandemic, growth in ad-supported streaming revenues slowed dramatically. Physical sales, including vinyl albums and compact discs, were also affected by the pandemic and fell 23%.
Direct to Full Text Report From the RIAA
3 pages; PDF.