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SITTpisode 19 - #SITTTOPICS

Feb 27, 2021 · 3m 5s
SITTpisode 19 - #SITTTOPICS
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Just SITTNewZ PITCHFORK LINK HERE https://pitchfork.com/news/vinyl-record-sales-increased-almost-30-in-2020-riaa-says/?fbclid=IwAR2iLe2U-fEQIAn9aspe-jL20TyENxjD46sR3YzqRMzIv2bB6noTKjbynrQ The RIAA has released its annual year-end revenue report, surveying the state of the recorded music industry at the end of 2020. Despite the...

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Just SITTNewZ

PITCHFORK LINK HERE

https://pitchfork.com/news/vinyl-record-sales-increased-almost-30-in-2020-riaa-says/?fbclid=IwAR2iLe2U-fEQIAn9aspe-jL20TyENxjD46sR3YzqRMzIv2bB6noTKjbynrQ


The RIAA has released its annual year-end revenue report, surveying the state of the recorded music industry at the end of 2020. Despite the coronavirus pandemic, trends across the past several years carried on: Streaming is up 13.4%, generating $10.1 billion last year compared to $8.9 billion in 2019, accounting for 83% of the total revenue of the industry. Vinyl sales have continued to rise, too, increasing a whopping 29.2% to $619.6 million, compared to $479.5 million in 2019.

The rise in vinyl sales made up for the continued decline in CD sales, leading to a marginal 0.5% decrease in revenue across all physical media from to 2019 to 2020. Music downloads continue to trend downwards, too, decreasing by 18% to $674.4 million last year as compared to $822.8 million in 2019. The RIAA report concludes that streaming has driven the industry to grow for the fifth consecutive year, with revenues increasing 9.2% in 2020, generating $12.2 billion in total.


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Author SITTSTTREAMS RADIOSHOW PODCAST
Organization SITTSTTREAMS RADIOSHOW PODCAST
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