“People bought 43 million vinyl records last year, according to the Recording Industry Association of America (RIAA). That’s 6 million more than the number of CDs sold in 2023, marking the second time since 1987 that’s happened and reflecting the steady 17-year-running growth of vinyl sales.”
….
“If you’re curious, nearly half a million cassettes sold last year, too, according to Billboard.”
….
“That doesn’t come close to touching streaming, of course — paid subscriptions, digital radio services like SiriusXM or TuneIn, and ad-supported services accounted for 84 percent of music revenue for the year, or about $14.4 billion. The RIAA says that’s a record.”
— “Vinyl records outsell CDs for the second year running,” Wes Davis, The Verge
Related:
“Wax and Wane: The Tough Realities Behind Vinyl’s Comeback,” Joel Oliphint, Pitchfork
“The music industry’s newfangled growth business: vinyl records,” John McDuling, Quartz
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