Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday September 30, 2015

Vinyl Records Generated More Money Than Free Streaming Music

While impressive, the key word in the headline above is "free." Record sales were better than ad-supported music streaming services.

The Recording Industry Association of America (RIAA) reported that U.S. consumers bought $226 million worth of vinyl records in the first half of the year. Contrast this to $162.7 million in revenues from ad-supported streams from the likes of Pandora and Spotify, and it looks like people are actually paying a significant chunk of change for music. More money is being made on record sales than money is generated from ad-based online music.