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Follow Dalvin Brown on Twitter: @Dalvin_Brown. BY Michele Debczak. Vinyl Record Sales Surpassed CDs for the First Time in Decades. Browse Amazon’s “Best Sellers of 2012 (So Far)” list to find the most popular products throughout the year based on sales, updated hourly. Have a confidential tip for our reporters? The first week in September marked the biggest week in 2020 for album sales, and vinyl record sales have been growing for 14 years straight. 'Keep this energy up:' Black-owned businesses see surge of interest amid racism protests. RIAA cited shutdown measures at retailers and live venues as the primary reason for the sharp decline in physical product sales. Per the report, vinyl sales brought in just north of $232 million in the first half of 2020 while sales of CDs fell by more than 47 percent year-over-year to $129.9 million.

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But the most striking trend was that American music listeners spent more money on vinyl records than CDs during the period marked by retail store closures and tour cancellations. The top-selling LP in the U.S. last year was the Beatles’ “Abbey Road.”. Black-owned businesses see surge of interest amid racism protests, Your California Privacy Rights/Privacy Policy.

That’s up from $4.3 billion in the first half of 2019 and $3.4 billion during the first six months of 2018. Despite the rise in vinyl listening, overall physical sales dropped 23% to $376 million during the first half of the year as Americans lost jobs and concerts were canceled, according to the RIAA data. © 2020 TechSpot, Inc. All Rights Reserved. The first week in September marked the biggest week in 2020 for album sales, and vinyl record sales … View the Top 100 best sellers for each year, in Amazon Books, Kindle eBooks, Music, MP3 Songs and Video Games. Overall physical sales have fallen this year due to the coronavirus, which has stunted traffic to retail stores.

The total number of paid music subscriptions in the US, meanwhile, climbed to 72.1 million from just 58.2 million during the same period a year ago. AMD Radeon RX 6000 series graphics cards revealed, feature double the performance of the... Bugatti's Bolide is a track-focused hypercar with 1,825 horsepower, New warnings from Apple indicate iPhone 12's MagSafe feature may not be its best idea, Apple reportedly positioned to enter search engine market should deal with Google go sour, Intel Core i3 vs. (WPDE) – Vinyl album sales brought in more money than CDs in the first half of 2020, and that's the first time vinyl records have exceeded CDs for the same period since the 1980s, according to a report from the Recording Industry Association of America (RIAA). LDProd, iStock via Getty Images. Even with the rebound, vinyl and all physical media are increasingly niche products. Before it's here, it's on the Bloomberg Terminal. Per the report, vinyl sales brought in just north of $232 million in the first half of 2020 while sales of CDs fell by more than 47 percent year-over-year to $129.9 million. Music fans value the higher-fidelity sound produced by vinyl and record players, which contrasts with the compressed files offered by most digital services. © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. Vinyl revenue was up 4% while CD revenue was down 48%, the RIAA found. The average number of paid music subscriptions was 72 million, up 24% compared to the first-half average for 2019, according to the report. You need to be a member to leave a comment. Core i7 vs. Sales of vinyl records eclipsed CDs in the first half of 2020, Yet vinyl sales have been rising since 2005, when they bottomed out at just $14.2 million.

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The report underscoring the state of the U.S. music industry captured how people's music listening has changed during the coronavirus crisis. Data from Billboard also suggests that Americans are feeling the nostalgia of vinyl. Vinyl was the most popular way people listened to music throughout the 1970s and the early 1980s, at which point it gave way to tape cassettes -- followed by CDs and digital formats. Unsurprisingly, streaming music continues to be the driving force of the industry. Record 200 Days With No Local Case Makes Taiwan World’s Envy, City Locked Down for Three Months Has Bleak Lessons for the World, S&P 500 Tumbles in Worst Stock Rout in Four Months: Markets Wrap, U.S. Economy’s Path Less Certain After Record Quarterly Growth, Stocks Rebound From Rout Ahead of Tech Earnings: Markets Wrap. The 2020s …

Sales of vinyl records eclipsed CDs in the first half of 2020 Source: RIAA Yet vinyl sales have been rising since 2005, when they bottomed out at just $14.2 million. Sales of vinyl records surpassed those of CDs in the U.S. for the first time since 1986, marking a key turning point for the format’s nostalgia-fueled resurgence. Data from Billboard also suggests that Americans are feeling the nostalgia of vinyl. Streaming accounted for 85% of music revenue in the first half, the RIAA found. That said, vinyl sales still only accounted for four percent of total music industry revenues for the period.

TECHSPOT : Tech Enthusiasts, Power Users, Gamers, TechSpot is a registered trademark. 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. Recording Industry Association of America. 6% decrease from the same time last year.

Americans seem to be listening to more vinyl records amid the pandemic. It accounted for a whopping 85 percent of total music industry revenues in the first half, or $4.8 billion. 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 UK aims to power each home with wind energy by 2030, A Compilation of Command Prompt Tips, Tricks & Cool Things You Can Do, Nvidia GeForce RTX 3070 Review: The New $500 King. Join thousands of tech enthusiasts and participate. People spent $232.1 million on long-play and extended-play records in the first half of the year, according to the Recording Industry Association of America, eclipsing the $129.9 million they spent on compact discs. Core i9, Ryzen 3 vs. Ryzen 5 vs. Ryzen 7 vs. Ryzen 9. 9 million on CDs in the first half of 2020, which is a 47. That should be a big concern for everyone. CD sales fell 48% in the first half of the year. Google Play Music is officially out-of-service in some regions including the US, Apple's new 24-hour curated music video streaming service is MTV for the modern era, Coinbase's debit card is coming to the US, will let you spend crypto anywhere Visa is accepted, Online holiday shopping in the US could pass $200 billion this year, Anonymous VPN users could be identified in movie company's lawsuit.

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