Vinyl Records Music Industry

Music sales feb 27 2020.

Vinyl records music industry. Music industry watchers know that vinyl records have been enjoying a resurgence since their near death in the mid 2000s and the market continues to grow. Music industry from tape deck to tidal. Despite vinyl s growth streaming still dominates the music industry records accounted for just 4 percent of total revenues in the first half of 2019. Vinyl records are projected to sell 40 million units in 2017 bringing this year s sales to the 1 billion benchmark for the first time this millennium.

The vinyl revival is the renewed interest and increased sales of vinyl records or gramophone records that has been taking place in the western world since about 2007. Vinyl records have outsold cds in the us for the first time since the 1980s according to data from the recording industry association of america riaa. With broader music industry revenues. The surprising comeback of vinyl records by felix richter.

A report on the first half of 2020 across. Vinyl records accounted for 232 1 million of music sales in the first half of the year compared to cds which brought in only 129 9 million according to a report from the recording industry. In contrast paid subscriptions to. That s the latest prediction from deloitte who exclusively shared their data with digital music news.