Vinyl record sales top CDs for first time in more than 30 years: "Music lovers clearly can't get enough"
CBSN
Vinyl records are back and more popular than ever. A new report found that vinyl record sales continued their more than decade-long growth in 2022, and for the first time in more than three decades, outsold CDs in the number of units.
The report, published by the Recording Industry Association of America on Thursday, found that physical formats of music saw another year of overall growth in 2022, totaling $1.7 billion. Making up nearly three-quarters of that growth were vinyl records, which saw a 17% increase in revenues for $1.2 billion. This marked the product's 16th year of consecutive growth, RIAA said.
It also marked the first time since 1987 that more vinyl records were sold than CDs, which saw a revenue decline of 18% in 2022. The group said that 41 million vinyl albums were sold last year, compared to 33 million CDs.
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