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IPFS News Link • Entertainment: Music

Vinyl Records Set To Outpace CD Sales For The First Time In 30 Years, Even Though They Suck

• by Tyler Durden

According to the RIAA's 2019 mid-year revenue report published by Rolling StoneLPs are on pace to outsell CDs this year, making them the most profitable form of non-streaming music for the first time since 1986.

Vinyl records earned $224.1 million (on 8.6 million units) in the first half of 2019, closing in on the $247.9 million (on 18.6 million units) generated by CD sales. Vinyl revenue grew by 12.8% in the second half of 2018 and 12.9% in the first six months of 2019, while the revenue from CDs barely budged. If these trends hold, records will soon be generating more money than compact discs. -Rolling Stone

That said, vinyl accounted for just four percent of total music revenues in the first half of 2019, while paid subscriptions to streaming services accounted for 62% of industry revenues according to the report.