Vinyl Sales Outperform Free Streaming Services

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The Recording Industry Association of America (RIAA) has presented some very interesting data. Not that it’s any surprise. We reported on Amazon’s highest selling item, a record player, a Jensen JTA-230 entry level record player to be exact. They released on Tuesday, vinyl revenues far out weighed the combined earnings of YouTube music videos, VEVO, free Spotify, SoundCloud, and every other free streaming music service.

 

Vinyl LPs, EPs, and singles sold all in a combined $422.3 million versus the ad-supported, free on-demand streaming channels bringing $385.1 million of sales to the table, which is 9.6 percent less than their analog counterparts. Even with the 30.6% jump over 2014 revenues, streaming services just can’t hold a candle to the overall LP, EP, and 45 sales that accounted for 32% growth in 2015 over the previous year.

It is true that Spotify’s user platform has surpassed 100 million users and YouTube is universally synonymous with stream video, having it’s highest viewership ever and it continues to climb. However, the pieces of the pie worth reviewing are the paid streaming revenue. in 2015, there were 10.8 million subscribers that paid for their services that amassed $1.22 billion in revenue with $802.6 million being brought in by Pandora, Sirius XM, iHeartRadio and others. Overall, the streaming revolution had a successful year off their revenue stream of $2.4 billion.