It comes from a new report from the Recording Industry Association of America
Vinyl is set to sell CDs for the first time since 1986, a new report reveals.
The disclosure comes in a six-month report from the Recording Industry Association of America.
Last year's RIAA report revealed that CD sales die three times as fast as vinyl sales grow, and it's more of the same this year.
The new report states that vinyl records earned $ 224.1 million (from 8.6 million units) in the first half of 2019. This figure is impressively close to the CD numbers ($ 247.9 million, 18.6 million units) .
With vinyl revenues growing 12% in the second half of 2018 and the first half of this year, and CD rates barely changing at all, it could see vinyl revenue overtake CDs. one by the end of the year.
If that happens, it will be the first time vinyl generates ore revenue than CDs since 1986.
The report also reveals that despite vinyl's growing popularity in relation to CD sales, it still accounts for a relatively small percentage of the overall music purchase.
The RIAA report states that in the first half of 2019, vinyl record sales accounted for only 4% of total revenue. Meanwhile, paid subscriptions to streaming services such as Spotify and Apple Music accounted for 62%.