Vinyl record sales surpassed CDs for the first time since the 1980s

Vinyl record sales surpass CDs in the U.S. for the first time since the 1980s

Money spent on vinyl LPs and EPs came to US$231.1 million in the USA for the first half of 2020, easily beating the $129.9 million spent on CDs. So it's probably little surprise that something else you never would have thought would happen happened, too: Vinyl records have outsold compact discs for the first time in 34 years, reports Bloomberg.

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

Vinyl records, also known as "records pressed on wax", were commonplace before other formats, such as cassette tapes and CDs, become the preferred mode of listening to music.

As for the most popular vinyl in the first half of 2020? But that has not stopped vinyl records out of creating a resurgence.

RIAA Chairman/CEO MITCH GLAZER stated, "While we're pleased that the years of hard work and resources we've invested in streaming are driving growth in paid subscriptions, today's report demonstrates just how much work remains to achieve a sustainably healthy music ecosystem for both music creators and fans". Since 2005, sales for vinyl have continued to grow. While we all had that one mate in the 2000s that insisted the sound quality was better on his dodgy record player, the format has been booming in recent years and bands are releasing cool and custom-designed vinyl LPs to keep up with the growing market for collectors. This is old news, of course-streaming has been the dominant force in the music industry more more than a decade. In the first half of this year, body sales fell 23% to $ 376 million as the epidemic continued to stifle music industry regulations. Overall revenue of paid streaming, ad-supported streaming and streaming radio was up 12% to more than $4.8 billion in the first half of 2020, as listeners stuck at home have been making use of these services more than ever.



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