RIAA Midyear Report: Vinyl Revenues Exceed Those of CDs— First Time Since 1982

October 25, 2020 § Leave a comment

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“However, for the first half of 2020, revenues from “physical products” was $376 million at estimated retail value, or down 23% year-over-year, no doubt due in great part to retail and venue shutdown measures related to Covid-19. Vinyl revenues increased in Q1 over the same period last year, but decreased in Q2, no doubt pandemic related. However, and here’s the good news (for some of us): 1H 2020 revenues from vinyl sales resulted in a net overall increase of 4% or a total of $232 million dollars, or 62% of total physical revenues, marking the first time vinyl exceeded CDs for such a period since the 1980s, though it still only accounted for 4% of total music recorded music revenues. The once promising digital download market revenues dropped precipitously from $451 million 1H 2019 to $351 million 1H 2020. Still ahead of vinyl revenues for the first half, but again dropping.”

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