cassette tapes outsold 8-track tapes for the first time in 1980 and then outsold LPs in 1984 for the first time and maintained at least a 50% market share between 19.

the fall of 8-track tape sales from about a 25% market share between 1973-1976 to 0% by 1982 as cassette tapes entered the market.

The 7.4% format share for vinyl records in the first half of this year was the highest share for LPs since 1988.

the remarkable resurgence of vinyl record sales in the first half of 2022, which have exceeded the market share of CDs for the first time in 2020 (5.4% vs.

the dominance of vinyl records from 1973 through the early 1980s with more than a 50% market share in every year until 1984, and at least a two-thirds market share until 1980.

In the visualization above you can see the following:

At wholesale value, revenues grew 8% to $4.9 billion. The number of paid subscriptions grew to a record high of 90 million, with revenues up 10% to $5.0 billion and comprising almost two-thirds of the first half total. recorded music revenues in the first half of 2022 rose 9% to $7.7 billion at estimated retail value, building on the strong growth experienced the prior year.

The RIAA reports this summary for music sales during the first half of this year: My latest animated “bar chart race” visualization above (click the arrow to start) shows the format shares of recorded music sales annually from 1973 to 2022 based on new mid-year sales data that were released today by the Recording Industry Industry Association of America (RIAA) for the first half of 2022.

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