Vinyl Record Sales Increased Almost 30% in 2020, RIAA Says


The RIAA has released its annual year-end revenue report, surveying the state of the recorded music industry at the end of 2020. Despite the coronavirus pandemic, trends across the past several years carried on: Streaming is up 13.4%, generating $10.1 billion last year compared to $8.9 billion in 2019, accounting for 83% of the total revenue of the industry. Vinyl sales have continued to rise as well, increasing a whopping 29.2% to $619.6 million, compared to $479.5 million in 2019.

The rise in vinyl sales made up for the continued decline in CD sales, leading to a marginal 0.5% decrease in revenue across all physical media from to 2019 to 2020. Music downloads continue to trend downwards as well, decreasing by 18% to $674.4 million last year as compared to $822.8 million in 2019. The RIAA report concludes that streaming has driven the industry to grow for the fifth consecutive year, with revenues increasing 9.2% in 2020, generating $12.2 billion in total. Read the full report here.

Read “Buy Music Club Gives Playlist Lovers a Community-Driven Alternative” over on the Pitch.

Products You May Like

Articles You May Like

Why Luke Bryan’s Journey From School Plays to Stadium Tours Is the “American Dream”
Mark Mothersbaugh’s Unreleased Wes Anderson Music to Soundtrack Museum Exhibition
Lizzo Releasing “Rumors,” First New Song in 2 Years, Next Week
Scarlett Johansson Sues Disney Over ‘Black Widow,’ Mouse House Fires Back
Good American’s Emma Grede Wants You to Know That Doing It All Is Basically a Myth

Leave a Reply

Your email address will not be published. Required fields are marked *