Numlock News: March 27, 2024 • Vizio, Culverts, Gowanus Canal
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By Walt Hickey Vinyl For the second year in a row, vinyl records outsold CDs, with people buying 43 million vinyl records and just 37 million CDs. Vinyl’s pricier anyway, so vinyl accounted for $1.4 billion worth of revenue compared to just $537 million from CDs, and while CD revenue was up the overall, the volume was down 700,000 CDs sold. Streaming dwarfs them all — $14.4 billion in revenue — and scored 84 percent of the music revenues in the U.S., with physical sales accounting for 11 percent, 3 percent to digital downloads, and 2 percent to synch revenue from licensing out to movies, television, physical locations and other outlets.
Numlock News: March 27, 2024 • Vizio, Culverts, Gowanus Canal
Numlock News: March 27, 2024 • Vizio…
Numlock News: March 27, 2024 • Vizio, Culverts, Gowanus Canal
By Walt Hickey Vinyl For the second year in a row, vinyl records outsold CDs, with people buying 43 million vinyl records and just 37 million CDs. Vinyl’s pricier anyway, so vinyl accounted for $1.4 billion worth of revenue compared to just $537 million from CDs, and while CD revenue was up the overall, the volume was down 700,000 CDs sold. Streaming dwarfs them all — $14.4 billion in revenue — and scored 84 percent of the music revenues in the U.S., with physical sales accounting for 11 percent, 3 percent to digital downloads, and 2 percent to synch revenue from licensing out to movies, television, physical locations and other outlets.