Vinyl Beat Liquid Music
In 2015, Vinyl Earned More Than YouTube Music, VEVO, SoundCloud, and Free Spotify COMBINED.
According to US-based revenue data released by the Recording Industry Association of America (RIAA), vinyl revenues trumped the combined earnings of YouTube music videos, VEVO, free Spotify, SoundCloud, and every other free streaming music service combined, by a healthy margin.
In total, the ad-supported, free on-demand streaming channels contributed revenues of $385.1 million, a 30.6% jump over 2014 revenues.
Vinyl LPs, EPs, and singles, by comparison, sold a combined $422.3 million, which is 9.6 percent more.
Of that total, LPs (full, long-playing records) and slightly-shorter EPs contributed $416.2 million, or roughly 98.6 percent of that total. Singles, a niche decoration, remains a small part of the vinyl resurgence (for now).
Overall, LP, EP, and 45 sales grew more than 32% in 2015 over the previous year.
“The consumption of music is skyrocketing, but revenues for creators have not kept pace,” RIAA CEO Cary Sherman said in a statement.
“In 2015, fans listened to hundreds of billions of audio and video music streams through on-demand ad-supported digital services like YouTube, but revenues from such services have been meager — far less than other kinds of music services.”
“This is why we, and so many of our music community brethren, feel that some technology giants have been enriching themselves at the expense of the people who actually create the music. We call this the “value grab” — because some companies take advantage of outdated, market-distorting government rules and regulations to either pay below fair-market rates, or avoid paying for that music altogether.”