Laura Dang
Laura Dang3852d ago

Vinyl Records Make More Money Than Youtube, Vevo and Spotify Combined

Sales generated from vinyl bring in more revenue for the music industry than Youtube, Vevo and free Spotify combined, according to a new report from the RIAA.
The report says that vinyl sales account for nearly a third of physical musical sales and have steadily increased 52% from last year, according to Business Insider.
On-demand and ad-based music services are growing as well, from bringing in $128 million last year to generating $163 million in only the first half of 2015. Still, revenue from ad-based music services lag behind vinyl sales, which totaled $222 million in the first half of this year.
While vinyl is becoming more widely popular again, CD sales have declined by nearly a third each year.
Overall, streaming services still make more money than records and CDs, having generated over $1 billion in the first half of 2015 versus physical recordings’ $748 million.

Discussion

Ari C.
Ari C.2h ago

If this happened on campus, Stanford should issue a clear public update and specific safety actions.

212 Face
Mina Z.
Mina Z.1h ago

Agree. People need facts and process, not silence. The school should confirm what is being investigated.

88 Face
Ken L.
Ken L.48m ago

Also important to separate verified details from rumors so this does not spiral online.

61 Face
Linh P.
Linh P.1h ago

The death threat part is extremely serious. Hoping law enforcement and campus security are already involved.

144 Face
Jae T.
Jae T.35m ago

This is where official reporting and support channels need to be visible and easy to access.

42 Face
Sophie W.
Sophie W.56m ago

Can NextShark keep a timeline thread here as updates come in? That would help keep context in one place.

97 Face
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