No - what's happened is that record labels for quite a few years pushed downloads instead of CD because there's more money in for them (not the artist) - see itunes exclusive tracks etc. Around the same time, they largely ceased vinyl production for a few years, then brought it back re-branded as a collectable rarity. Per unit, vinyl gives the label more more than CD or even download as the prices are marked up so much. The labels would prefer to manufacture and distribute smaller quantites of vinyl, that however many more CDs and only making so much per unit. People ARE gullible - 7" singles used to be about £2.99 at the very most, they now often cost a tenner! Sales of vinyl are not higher than through the 90's, they've just managed to dupe people into paying more for it - don't believe the hype!
Wrong. The streaming services became important because illegal downloads of music and artwork from sites like piratebay and Napster had caught fire. And as a result less people bothered to buy expensive CDs. People wanted mp3s...The record companies had to offer services that could compete with the free downloads. And now the music is even available on video sites like youtube, with playlists and everything. You really don´t need to buy the music itself anymore, because it is out there, for FREE on youtube. The Queen catalogue is there, even on the official youtube channel.
So if you want mp3, you already have it for free.
BUT, if you want the physical thing, you will have to buy it. So people ask themselves, why should I buy the CD when I can have the LP, which has the better physical artwork after all ? THAT question is something I never asked myself, not until I started to use Spotify. I am not the only one, because thousands of people ask themselves that question these days. They want the artwork, display it, touch and feel.
Are you blind?
Vinyl sales are increasing, while CD sales are dropping. Many artists are now releasing their music on vinyl. Best sales since the late 80s.