Vinyl record sales continue to increase against the background of the dominance of music streaming
Despite streaming services that continue to dominate the business of recorded music, there is still room for physical media in this sector. America’s recording industry said in an annual report () that vinyl record sales have increased for the 18th consecutive year in the United States to $ 1.4 billion -the highest revenue for this format since 1984, when the CDs began to appear.
Vinyl represents nearly three-quarters of the physical format revenue in 2024. It was the third consecutive year when there were more vinyl records than the CD-44 million against 33 million. It may help Vinyl’s case that RIAA has taken into account sales data directly from the indie labels for the first time this year. And this taylor swift released from her most album, The tortured poets departmentincluding eight vinyl editions.
Many fans prefer to own For many reasons, such as their belief that Vinyl offers better audio quality and comprehensive circle to streaming services as well as a way for perhaps better S Seeing shelves at a recording store is also fun fun. Vinyl Records and CD are also hedging against the ability of music to disappear from streaming services if rights agreements or contractor expires to get its music out of a platform.
However, streaming services reached a new stage last year. RIAA reports that the average number of paid subscriptions for the year has reached 100 million in the United States for the first time. This is an increase of three percent of 2023.
Paid subscriptions revenue increased by five percent to $ 11.7 billion, with total streaming revenue (factor all-from-services supported by ads to fitness applications), increasing four percent to $ 14.9 billion. Streaming represents 84 percent of the recorded revenue from music for the third year.
This article originally appeared on Engadget at https://www.engadget.com/entRyntment/streaming/vinyl-record-sales-continue- to-rise-music-streamings-DOMANCE-1421.1328.
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