No longer just a niche hobby for dads and hipsters, vinyl is experiencing a major resurgence in mainstream music. According to the Recording Industry Association of America’s (RIAA) annual revenue report, vinyl records outsold CDs in the US last year for the first time since 1987, selling 41 million units against 33 million for CD.
Vinyl record sales have consistently increased over the last 16 years according to the RIAA report published on Thursday, now accounting for 71 percent of all physical music format revenue. The growth margins here aren’t trivial, either — while physical formats as a whole increased by 4 percent, earning $1.7 billion between 2021 and 2022, vinyl sales alone accounted for $1.2 billion, experiencing a 17 percent increase in sales compared to the previous year. Comparatively, CD sales plummeted by 18 percent in 2022.
Brownie Bytes asks why? Why do you think this music format is making a comeback? Doesn’t the digital version sound better?
👇 What do you think? Leave a comment below.👇