Physical music sales alone accounted for $1.5B of the music industry’s revenue in 2019, according to the RIAA. The trading pause is a temporary solution to create more warehouse bandwidth for the e-commerce giant. This means that future trade orders from record labels and independent artists for CD’s, vinyl, or artists merchandise will be denied, as Amazon considers the products non-essential at this time. As the worldwide spread of coronavirus continues, issues surrounding the music industry’s subsequent financial crisis are still constantly evolving.Īccording to a Music Business Worldwide report, as of yesterday Amazon has officially halted all physical media to make logistical room for essential medical and household items during periods of quarantine.
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