The Recording Industry Association of America (RIAA) have released their annual report on recorded music revenue. According to the group's research, overall sales were up nearly 20 percent last year from 2020, reaching a record-high $15 billion.
Streaming and physical revenue saw the biggest growth, with streaming climbing 24 percent and physical sales up a whopping 42 percent.
Vinyl sales, in particular, grew massively, rising 61 percent and topping $1 billion for the first time since 1986, helped along by a Christmas break that saw the highest weekly total sales in recorded history and accounted for more than five percent of total units sold.
CD sales had a much-needed rebound as well, jumping 21 percent — the first time the year-to-year total has increased since 2004.
Read more on thefader.com
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