Vinyl records recorded better sales than CDs for the first time since the 1980s
Americans seem to be listening to more vinyl records amid the pandemic.
In fact, vinyl outsold CDs for the first time since the 1980s, according to a recently released mid-year report from the Recording Industry Association of America. The report underscoring the state of the U.S. music industry captured how people's music listening has changed during the coronavirus crisis.
With people having more time on their hands due to COVID-19 lockdowns, music streaming, which includes revenue from paid services such as Spotify, Apple Music and Amazon, grew 12% to $4.8 billion in the first half of 2020.
The average number of paid music subscriptions was 72 million, up 24% compared to the first-half average for 2019, according to the report.
#music #vinyl #vinylrecords #cd #business #spotify #AppleMusic #Amazon #classic
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