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Vinyl and Streaming Thrived During 2020s First Half

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boscy
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Joined: April 2017
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Vinyl and Streaming Thrived During 2020s First Half Jul 10, 2020 19:44:04 GMT -5

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Post by boscy on Jul 10, 2020 19:44:04 GMT -5

July 9, 2020

Despite the COVID-19 Pandemic, Vinyl and Streaming Thrived During 2020's First Half

by Dylan Smith

www.digitalMusicNews.com/2020/07/09/music-industry-analysis-2020/

Despite these expected decreases, however, vinyl LP sales grew 11.2 percent year over year, with fans purchasing approximately 9.2 million units during this year’s first six months. The total reflects the strength of vinyl’s pre-coronavirus sales, as through March 12th, moved units were up 45 percent from 2019 even though the format has enjoyed commercial growth for 14 consecutive years. Additionally, the figure is impressive given that many indie record stores remained closed amid widespread lockdown measures.

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