RIAA Mid-Year Report

LP Outsells CD in US

As the Recording Industry Association of America (RIAA) announced in its recent mid-year report, the LP has for the first time since the 80s generated more revenue than the CD in the US.

Revenues from CD sales fell from 247.9 million US dollars to 129.9 million US dollars, i.e. by 47.6% compared to the previous year, while LP/EP revenues increased by 3.6% in the same period, thus generating 232.1 million US dollars in the first half of 2020. Although still slightly more CDs were sold than LPs (10.2 million compared to 8.8 million), the LP/EP thus generated almost 80% more revenue than the CD. However, vinyl still accounts for just 4% of total revenue.

Music downloads have also continued to decline by 22% compared to the previous year and now only account for 6% of the market. Music streaming, on the other hand, is growing steadily and now accounts for about 85% of total music revenues in the US.

RIAA's Full Report

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