07 Sep Vinyl Sales looks to be surpassing CD sales. A first since the year 1986.
Vinyl Sales looks to be surpassing CD sales. A first since the year 1986. For this purpose, we take a closer look at RIAA’s mid-year report which was released on Thursday.
Vinyl record sales have been increasingly growing in recent years. It is coming to a point where it will outsell CDs for the first time since 1986. The 2019 Recording Industry Association of America’s (RIAA) mid-year report has shown the following statistics. Firstly, it is reported that CD sales were declining three times as fast as vinyl sales were increasing. Earlier in February, the RIAA reported that vinyl sales made up over a third of the revenue coming from physical releases.
Also, the report highlights that during the first half of 2019, vinyl records grossed $224.1 million (on 8.6 million units). Comparatively nearing the $247.9 million (on 18.6 million units) produced by CD sales. Basically, Vinyl revenue rose by 12.8 percent during the second half of 2018 and 12.9 percent during the first half of 2019. Meanwhile, CD revenue has remained stagnant. Indeed if these trends continue, Vinyl records will be making more money than CDs soon.
Rock Bands and Vinyl Records
So it can be said that Vinyl has held an advantage for certain artists. Especially iconic rock bands. The Rolling Stone has previously reported that The Beatles sold more than 300,000 records in 2018. While Pink Floyd, David Bowie, Fleetwood Mac, Jimi Hendrix, Led Zeppelin, and Queen all sold more than 100,000 records.
Photo credit: The Ransom Note