Seems like we read this every year (pretty sure I posted a similar article last year sometime)...what I found rather odd was the reddit thread I got this article from had at least 1/3 the posters admitting they still bought &/or maintained CD collections.,.
https://www.rollingstone.com/music/music-news/vinyl-cds-revenue-growth-riaa-880959/
Despite vinyl’s growth, streaming still dominates the music industry — records accounted for just 4 percent of total revenues in the first half of 2019. In contrast, paid subscriptions to streaming services generated 62 percent of industry revenues.
“We welcome [the growth in vinyl],” Tom Corson, now the co-chairman and CEO of Warner Records, told Rolling Stone in 2015. “It’s a sexy, cool product. It represents an investment in music that’s an emotional one. [But] it is a small percentage of our business. It’s not going to make or break our year. We devote the right amount of resources to it, but it’s not something where we have a department for it.”
Still, the vinyl resurgence has been a boon for some artists, especially classic rock groups. The Beatles sold over 300,000 records in 2018, while Pink Floyd, David Bowie, Fleetwood Mac, Led Zeppelin, Jimi Hendrix, and Queen all sold over 100,000.