Vinyl Record Sales Top Streaming Music Ad Revenue by $60Mil
This will be music to the ears of audiophiles — vinyl records are spinning up more profits for the music industry than every ad-supported streaming service combined.
In the first half of this year, vinyl records brought in $60 million more than streaming services like Pandora, Spotify, Vevo, and YouTube. From January through June, vinyl not only accounted for $221.8 million in sales, the revenue was up 52% over the same period from the year before–recording nearly twice the growth of streaming music.
http://www.goodnewsnetwork.org/whoa-vinyl-record-sales-top-streaming-music-ad-revenue/
In the first half of this year, vinyl records brought in $60 million more than streaming services like Pandora, Spotify, Vevo, and YouTube. From January through June, vinyl not only accounted for $221.8 million in sales, the revenue was up 52% over the same period from the year before–recording nearly twice the growth of streaming music.
http://www.goodnewsnetwork.org/whoa-vinyl-record-sales-top-streaming-music-ad-revenue/