Vinyl Sales Rise By Another 52 Percent
Have we reached peak vinyl? Not just yet, apparently. The RIAA released their mid-year stats for 2015 this week, and vinyl revenues grew 52.1% compared to last year, pulling in $226 million total. That’s almost half of the total revenue for CDs ($494.4 million), which fell over 30% compared to 2014. Vinyl is still largely a niche product, but that’s a good sign for an industry where physical media is flagging. Coupled with the nascent “cassette revival,” it kind of feels like we’re back in the ’80s!