Vinyl records are on track to outsell compact discs for the first time in 33 years

(via cnbc) by Daniel Bukszpan

This past week, the Recording Industry Association of America (RIAA) released its mid-year report. It showed that 80% of the of music industry’s revenue comes from streaming, but it also showed that revenue from sales of vinyl records is on track to overtake that of compact discs by the year’s end, should current trends continue.

When the compact disc was introduced in 1982, it was billed as a technology that would render vinyl records obsolete. But while the general public may not have anticipated a resurgence in LP sales, those who have been paying attention for the past few years likely aren’t surprised…

Read more: https://www.cnbc.com/2019/09/14/vinyl-records-on-track-to-outsell-cds-and-prices-have-risen-490percent.html

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