RIAA Releases 2019 Mid-Year Report

The RIAA have released their mid-year report and vinyl sales are creeping up on CDs.

Net revenues from physical products bucked the recent trend in unit sales and grew 5% to $485 million in 1H 2019; however, this growth was the result of a reduction in physical product returns, and on a gross basis the revenues from physical product would have been down for the period. Vinyl albums grew 13% to $224 million, but still only accounted for 4% of total revenues in 1H 2019.