Wednesday, March 23, 2016

RIAA: Artists Make More From Vinyl Sales

Vinyl record sales a mere blip on the music industry’s radar screen?

Don’t tell that to recording artists who pocketed more money in 2015 from the sale of 17 million vinyl albums than from all of the advertising on free on-demand music streamers like YouTube and Spotify, the music industry said in a report on Tuesday.

Sales of old-fashioned LPs, up 28.3 percent last year, accounted for $416.2 million in royalty revenue, the Recording Industry Association of America said in the report.

Free, ad-supported music services brought in a paltry $385.1 million, the group said.

The NY Post reports the top-selling vinyl record of 2015 was Adele’s “25” — moving 116,000 copies, followed by Taylor Swift’s “1989,” with 74,000.

Also in the Top 10 are a slew of golden oldies from The Beatles’ “Abbey Road” to Pink Floyd’s “Dark Side of the Moon.”

1 comment: