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Vinyl Sales Outpace CDs For the first time in four decades

Illustration for article titled Vinyl Sales Beat CDs while still managing to lose

photo:: Kamil Krzaczynski (Getty Images)

For many people, records (in our Dark Lord’s year 2020) are one of those things that you either “get” or just don’t. While its resurgence has spawned its fair share of hateful abuse asking why we fall for them greatest fraud ever played on us by the hands of The music industry apparently exists (not an obstacle for those who advocate the music industry) Sound quality and Vintage aesthetic that comes with the format.

According to a new report 2020 marks the first year that vinyl record sales have outpaced their CD counterparts’ sales since the mid-1980s. Record sales in the first half of 2020 were just over $ 232 million in the music industry, compared to CDs, which barely squeaked below around $ 130 million.

If your first question here is – like mine – why the hell do people still buy over $ 100 million worth of CDs, inveterate because the format will quickly tell you all the reasons why it is far superior to vinyl. As an audiophile community from Reddit mention, thatYour average CD is just cheaper than most vinyl LPs, not to mention the portable and comparable sound. Ultimately, however, this audio format fan club has been dwindling for years: as Rolling Stone reported As early as 2019, CD sales rates fell about three times as fast as vinyl sales. At the time, the RIAA predicted that record sales would surpass CDs for the first time since 1986 if those numbers were held. And If you wouldn’t know, that’s exactly what happened.

The real money is still flowing, of course. The more than $ 200 million vinyl sales in the first half of this year didn’t hold in check the roughly $ 4.8 billion that streaming services like Spotify and Pandora brought in over the same period. While these and other streaming services were geared towards making big bucks in 2020, the nation’s lockdowns have boosted those profits Full speed. Browsing records at your favorite store has been all but impossible for the nation’s die-hard collectors for the past several months. Sales of all physical formats fell overall, accounting for about a quarter of the profits they had made last year. According to the RIAA, sales of LPs, cassettes, and CDs fell from just over $ 485 million in the first half of 2019 to around $ 376 million in the first half of 2020 – a decrease of around 23%.

Does vinyl really sound “richer” and “warmer”? It is important that it beats them go to Format my childhood through extinction at a less rapid pace? Eh. Either way, losing this type of physical media also means bands have fewer opportunities to make ends meet –What is largely closed with venues around the world and streaming services are legendary paying off pathetic return. Unless we bring back the earlier punk / pop / insert-your-genre-of-choice shows or the streaming giants take their talent seriously, it becomes increasingly difficult for the hits to come or not, we appreciate them or not.

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