Weird News: Groovy! Vinyl records will soon outsell CDs for first time since 1986 - PressFrom - United Kingdom
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Weird NewsGroovy! Vinyl records will soon outsell CDs for first time since 1986

05:30  08 september  2019
05:30  08 september  2019 Source:   cnet.com

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A new report suggests that vinyl sales will outsell CDs this year, the first time the format has generated more revenue since 1986 . The Beatles sold 300,000 vinyl records in 2018. With vinyl revenue growing by 12% in the second half of 2018 and first half of this year, and CD rates barely

Vinyl record sales have seen consistent growth in recent years, and are set to outsell CDs for the first time since 1986 . In 2019, the Recording Industry Association of America’s (RIAA) mid-year report indicated that CD sales were If these trends persist, records will make more money than CDs .

Groovy! Vinyl records will soon outsell CDs for first time since 1986 © Provided by CBS Interactive Inc. Revenge never sounded so sweet: When it comes to sales, vinyl records are finally turning the tables on CDs. Getty Images

Hit that needle-scratch sound effect. Sales of vinyl records may soon start generating more annual income than compact discs for the first time since 1986, Rolling Stone reported on Friday.

1986? Yep, 1986, the year when top-selling albums included Madonna's True Blue, Bon Jovi's Slippery When Wet, and the Top Gun soundtrack. Take my breath away, indeed.

Not only have vinyl albums enjoyed constant growth in recent years, Rolling Stone reports, but CD sales have plummeted, according to the Recording Industry Association of America's 2019 midyear report.

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This marks the first time in over thirty years vinyl has outsold CDs . Although vinyl sales are booming at the moment, streaming is still the dominant force in the music industry. Physical records account for just 4 percent of total revenue while streaming holds 62 percent of industry money.

Vinyl Is Slated to Outsell CDs for the First Time in 30 Years: According to the RIAA's recent revenues report. According to the Recording Industry Association of America‘s (RIAA) recent Music Revenues Report, vinyl is on track to surpass CD sales for the first time in 30 years.

CD sales are still ahead of vinyl sales, but barely, and dropping fast. Vinyl records earned $224.1 million over the first six months of 2019, selling 8.6 million units. CDs earned $247.9 million, selling 18.6 million units. Rolling Stone says last year's RIAA report shows CD sales are declining three times as fast as vinyl sales are growing.

Just because vinyl may soon outpace CDs doesn't mean music lovers are trading in their iTunes accounts for turntables. Streaming remains the most popular way to consume music, accounting for 80% of industry revenues, and growing 26%, to $4.3 billion, for the first half of 2019.

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