Although the industry has been at odds with free, ad-supported music services such as YouTube for not returning significant revenue to music companies, RIAA data shows that "on-demand ad-supported streaming" — which includes YouTube, Vevo and the free version of Spotify — contributes $759.5 million annually, a 15 per cent increase since 2017.
The RIAA also revealed that vinyl sales continue to rise, up 8 per cent to $419 million in 2018, while CD sales fell 34 per cent to $698 million, the first time CD revenue was below $1 billion since 1986. Vinyl records now account for one-third of music industry revenue from physical formats.
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