Flutterby™! : Vinyl records and turntable ownership 2023-05-03 19:53:32.550538+02

Vinyl records and turntable ownership

2023-05-03 19:53:32.550538+02 by Dan Lyke 0 comments

You may have heard about the vinyl resurgence...

Revenues from vinyl jumped 17.2% YoY, to USD $1.2 billion in 2022, while revenues from CDs fell 17.6%, to $483 million.

Yup: Vinyl now generates more than double the annual cash that CDs do in the States (see below).

The article draws from Luminate Data: Top Entertainment Trends for 2023, and apparently this is an increase in vinyl buying because in 2016 ICM found that nearly half of vinyl buyers don’t actually play their records, but at that point only 7% of vinyl buyers didn't have a turntable.

Via Sensible Endowment.

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