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Vinyl sales surpass CD revenue for first time since 1980s

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NEW YORK (AFP) - Vinyl records are outselling compact discs in the United States for the first time in more than 30 years, according to an industry report released on Thursday (Sept 10).. Read more at straitstimes.com.

NEW YORK - Vinyl records are outselling compact discs in the United States for the first time in more than 30 years, according to an industry report released on Thursday .

Vinyl sales contributed 62 per cent of total physical music media revenues - which dropped 23 per cent year-on-year, a decline the RIAA attributed to the coronavirus pandemic's shutdown of music venues and stores. But physical records remain niche: the RIAA said streaming accounted for 85 per cent of revenue in 2020's first six months, much of which saw most Americans holed up at home to halt the spread of Covid-19.

 

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