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Vinyl set to outsell CDs for the first time since 1980s

music news 11/09/2019

Vinyl records are set to hit a major milestone later this year after making a massive comeback.

According to the latest mid-year report put out by the Recording Industry Association of America (RIAA), vinyl sales are skyrocketing while CDs are trending in the wrong direction.

The report says vinyl sold 8.6 million units in the first half of this year, good for $224.1 million in sales - a revenue jump of almost 13 percent.

If the vinyl resurgence continues, RIAA expects the record revenue will soon overtake CD revenue for first time since 1986.

Despite the epic comeback of vinyl, streaming is still far and away the biggest player, with streaming subscriptions accounting for 62% of revenue.