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Vinyl record sales topped CD sales for the first time since the 1980s | The music



The days when vinyl records were a nostalgic relic of the past are long gone. This year, vinyl sales have exceeded CD sales in the United States for the first time since the 1980s.

Vinyl records accounted for $ 232.1 million in music sales in the first half of 2020, compared to CDs, which grossed $ 129.9 million, according to a report of the Recording Industry Association of America.

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In 2020, vinyl sales topped CD sales in the United States for the first time since the 1980s.

Vinyl records, also known as “wax-pressed records”, were commonplace before other formats, such as cassettes and CDs, became the preferred way of listening to music. But that hasn’t stopped vinyl records from making a resurgence. Since 2005, vinyl sales have increased consecutively. In the first half of 2020, vinyl revenue grew 4%, while CD revenue declined 48%, according to the RIAA.

However, the interest in vinyl was not enough to keep physical sales from plummeting. Physical sales fell 23% to $ 376 million in the first half of the year as the pandemic continues to block music industry standards. Concerts and visits to music stores have all but disappeared.

Despite the slowdown in physical sales growth, music streaming continued to climb.

Streaming, which includes revenue from paid streaming, ad-supported streaming, and streaming radio, increased 12% to $ 4.8 billion in the first six months of 2020, RIAA found.

For streaming services alone, more listeners are willing to pay to play. Subscriptions to paid streaming services, such as Spotify and Apple Music, rose 24%, the RIAA reported.

This makes streaming the dominant music format, accounting for over 85% of the music industry’s revenue.

So far, overall music industry sales have grown 5.6%, mostly through streaming, to a total of $ 5.7 billion in the first six months of this year alone.

40 songs about the coronavirus pandemic

Many musicians did not perform on the road but continue to make music during the coronavirus pandemic. Here is a list of songs related to life in quarantine.

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