CD sales have been tanking ever since streaming became a thing. Worse for CD’s, soon, for the first time since 1986, we’ll be spending more on vinyl records than we are on CD’s. Mostly thanks to young people who think they’re “cool” again.
The Recording Industry Association of America released its mid-year report. People have spent almost as much on records this year as CD’s: $224 million in the first half of 2019, compared to $248 million on compact discs.
CD sales were basically stagnant, while vinyl record sales were up 13%. One of the most popular bands to buy on vinyl is The Beatles. Last year, we bought over 300,000 of their records on vinyl.