Modestly adventuresome tales of record collecting
When the world gets me down, I often turn to my stereo for solace. Needless to say, the lasers and needles have been getting quite the workout this season.
Since high school, I’ve been collecting records on vinyl and CD, and I like to keep an eye on the rapidly shifting landscape in the recorded music industry. What’s new this tumultuous year? The trends are interesting. The RIAA has issued its mid year revenue stats for 2020. Overall revenues are up 5.6%. Streaming music revenue continues to dominate with 85% market share (and revenue growth of 12%). People are streaming more than ever. Digital download music, however, continues its downward trend (6% market share).
I’m most interested in the state of physical products, good old LP’s and CD’s—what impact has Covid19 had on them in the first half of the year?