A very unexpected thing happened that no one expected! Vinyl records are making a comeback for years now and now they’ve actually outsold CDs for the first time since 1987!
This news comes from The Recording Industry Association of America (RIAA), which reports that physical music formats including vinyl, CDs, and cassette tapes have seen a 4% increase from 2021 to 2022. They also say that last year vinyl made up $1.2 billion of the $1.7 billion in physical media sales!
The report revealed that records outsold CDs 41.3 million to 33.4 million and that this is vinyl’s sixteenth consecutive year of growth. CD sales are falling and have fallen 18% from $585 million to $482 million in revenue between 2021 to 2022.
I never believed I’d see Vinyl make such a great comeback, but with digital and streaming music taking over the industry if people are going to start purchasing physical media, vinyl is definitely the way to go! There’s just sound and feel to it that you can’t fully capture with anything else.
Streaming services still dominate the music industry, but it’s amazing to see that more and more people are getting into the vinyl collectors market!