Vinyl Records Sales

According to a recent report by the RIAA and an article from Business Insider, Vinyl records make more money for the music industry than YouTube, Vevo and Spotify combined. Ad-based music services are currently at an all time high this year of $163 million. However, vinyl sales sit at a cool $222 million. 

A Vinyl record player.

This statistic blows my mind. I do completely understand the fascination of a bigger, physical piece of memorabilia and maybe even exclusive content that comes with a vinyl and personally would actually lean more towards a Vinyl Record than a digital dowload myself. However in this day in age I would assume that the majority of the general public would tend to prefer the modern conveniences of click and play.

Ad based music services unable to keep up with Vinyls.

CD sales were also apparently down from last year by almost a third. Are Vinyls, which not too long ago were considered a thing of the past, becoming a thing for the future? According to Business Insider 'No other format is growing at such a rapid rate'.