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Record Sales

Streaming & Vinyl Up In 2018; CD & Download Sales Down According To RIAA Report

Posted by on March 1, 2019 at 12:24 pm

If you've been keeping up with the trends of the music business' sources of revenue over the past few years, then these numbers really shouldn't be a huge surprise. According to a new report from the Recording Industry Association Of America (RIAA), digital downloads fell 25% from their 2017 numbers and currently only account for 11% of the music industry's business. CD sales also fell 34% and have clocked in at $698 million.

Unsurprisingly, vinyl went up another 8% in sales and accounts for $419 million. Streaming services also saw a massive jump in 2018, going from 35.3 million paid subscriptions in 2017 to 50.2 million. Overall, the retail music industry rose from $8.8 billion in revenue in 2017 to $9.8 million in 2018.

You can read the full report here.

[via The PRP]

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