Bantul, Yogyakarta, Indonesia. 14th Oct, 2023. Physical album recordings in cassette and Compact Disc (CD) record format are displayed in a music shop called Toko Musik Luwes in Bantul. According to data released by the Recording Industry Association of America (RIAA), music revenues are increasing, driven primarily by streaming services but also by sales of physical music formats. The report found that revenues from physical music formats have gradually increased over the years. Overall physical music revenue rose 4 percent last year, driven by a 17 percent increase in vinyl records. Physic

Bantul, Yogyakarta, Indonesia. 14th Oct, 2023. Physical album recordings in cassette and Compact Disc (CD) record format are displayed in a music shop called Toko Musik Luwes in Bantul. According to data released by the Recording Industry Association of America (RIAA), music revenues are increasing, driven primarily by streaming services but also by sales of physical music formats. The report found that revenues from physical music formats have gradually increased over the years. Overall physical music revenue rose 4 percent last year, driven by a 17 percent increase in vinyl records. Physic Stock Photo

RMID:2T1JG5W

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ZUMA Press, Inc. / Alamy Stock Photo

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2T1JG5W

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30.5 MB (2.5 MB Compressed download)

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4000 x 2667 px | 33.9 x 22.6 cm | 13.3 x 8.9 inches | 300dpi

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14 October 2023

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October 14, 2023, Bantul, Yogyakarta, Indonesia: Physical album recordings in cassette and Compact Disc (CD) record format are displayed in a music shop called Toko Musik Luwes in Bantul. According to data released by the Recording Industry Association of America (RIAA), music revenues are increasing, driven primarily by streaming services but also by sales of physical music formats. The report found that revenues from physical music formats have gradually increased over the years. Overall physical music revenue rose 4 percent last year, driven by a 17 percent increase in vinyl records. Physical releases of music continued to outperform digital downloads, which saw revenue decline 20 percent to $495 million. In 2022, more than 41 million vinyl records were sold for a total revenue of $1.2 billion, marking the 16th consecutive year of growth in record sales, which accounted for approximately 71 percent of physical format revenue. (Credit Image: © Angga Budhiyanto/ZUMA Press Wire) EDITORIAL USAGE ONLY! Not for Commercial USAGE!

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