Report shows that U.S. consumers preferred old school music formats last year

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A fresh report from the Recording Industry Association of America (via BGR) reveals that last year, more money was spent on vinyl records and CDs in the U.S. than on digital downloads from iTunes and others. Music in physical formats accounted for U.S. sales of $1.15 billion last year, down 22.8% from 2017. Downloaded songs generated a little over $1 billion in revenue in 2018, split almost 50-50 between singles and albums. That was a 26% decline from the previous year.

Meanwhile, revenue from streaming music platforms like Spotify, Apple Music and Tidal hit $7.4 billion ...

from PhoneArena - News https://ift.tt/2IRCAfV

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