Wed. Apr 24th, 2024

In the US, vinyl records once again overtaken CD sales

In 2023, American music lovers again preferred vinyl records, which experienced significant demand, increasing sales to 43 million copies.

This is reported by The Verge.

According to the Recording Industry Association of America (RIAA), this is 6 million more than CDs sold during the same period.

Despite the lower sales volume, vinyl revenue has more than doubled that of CDs, accounting for more than $1.4 billion.

According to RIAA reports, streaming services will account for 84% of all music sales in the US in 2023. However, the growing threat from generative artificial intelligence leaves the industry on the brink of uncertainty about the future.

In terms of formats, CD drives continue to lose popularity. However, vinyl records are holding steady, attracting collectors and those who appreciate the physical form of music.

By admin

Related Post