Streaming may be king, but fans of physical albums are weighing in with record sales growth
Vinyl record sales outperformed CDs in the US for the first time since 1987, according to aJust over 41 million vinyl records were sold in 2022, to the tune of $1.2bn . Only 33 million CDs were sold, amounting to $483m.Recorded music revenue in the US grew for the seventh consecutive year and reached a record high of $15.9bn.
The report found that revenue for physical music formats has steadily risen over the years, marked by a "remarkable resurgence" in 2021 after being muted by Covid-19 in 2020. Physical music revenues as a whole were up 4% last year, propelled by vinyl records which saw a 17% increase. Meanwhile, revenue from CDs fell 18%.
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