- The Washington Times - Friday, September 11, 2020

Vinyl albums outsold compact discs in the U.S. during the first half of the year, achieving a feat unseen since the 1980s, the Recording Industry Association of America (RIAA) reported Thursday.

The RIAA, a top music industry trade group, said that vinyl sales between January and June totaled $232.1 million, while CDs sales during that same period resulted in revenue of $129.9 million.

CDs have consistently generated more revenue than vinyl records for the American music industry since the 1980s, the RIAA noted. Bloomberg reported the last time vinyl outsold CDs was 1986.

Revenue generated during the first half of 2020 by the sale of physical products — including records as well as CDs — decreased by 23% compared to the first half of 2019, the RIAA reported.

Yet while CDs sales fell by 47.6% during the first half of 2020 over the previous year, revenue from vinyl records increased slightly by 3.6% during that same period, according to the RIAA.

Accounting for the numbers in its midyear report, the RIAA said COVID-19, the contagious disease caused by the novel coronavirus, has “affected the music industry in many significant ways.”

Overall, the RIAA said the U.S. recorded music industry generated $5.7 billion in revenue during the first half of 2020, up 5.6% from the year before.

Revenue generated by consumers paying for digital music, including streaming services and permanent downloads, generated most of that amount, according to the RIAA.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC. Click here for reprint permission.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide