You can tell your dad that his record collection is officially cool now.
As interest in digital downloads wanes, vinyl record sales continue to grow for the 16th year running, says RIAA.Let the boomers in your life know that their dusty record collection is officially trendy now.No longer just a niche hobby for dads and hipsters, vinyl is experiencing a major resurgence in mainstream music.
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 salesaccounted for $1.2 billion, experiencing a 17 percent increase in sales compared to the previous year.
Vinyl was already overtaking CD for revenue in the US prior to surpassing the medium in outright unit sales last year.The RIAA isn’t the first to claim that vinyl has overtaken CD. The
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