September 14, 2020
A record year.
Vinyl sales in the US have exceeded CD sales for the first times since the 1980s, reports the RIAA.
Though revenue from vinyl LP sales decreased between Q1 and Q2 (following an increase in Q1), vinyl accounted for $232 million in sales – or 62% of physical formats sales.
This comprises just 4% of total reported music revenue for the year thus far, which also encompasses radio, digital streaming and digital album sales.
The report follows news that the US broke its single week record for vinyl sales in 2020, fuelled by Record Store Day’s first drop.
Discogs has also reported a large increase in sales on its site during the first half of 2020 – encompassing both new and secondhand vinyl.
Head here to read the RIAA’s report in full.