Vinyl records outsell CDs for the first time since 1987
The last time vinyl was on top, Jem dolls and Spuds MacKenzie were all the rage.
Do you have a record player that you still use? Do you find putting the needle on a record so much more satisfying than pressing "play" on a CD player? If so, you're in good company, since for the first time in decades, vinyl has come out on top.
The Recording Industry Association of America released their 2022 year-end report and announced that for the sixteenth year in a row vinyl revenue has continued to climb — and they just hit an important milestone.
After a year of 17% growth in vinyl sales, the old-school music format has overtaken CD sales for the first time since New Coke was on the shelves. In 2022, vinyl accounted for a massive 71% in physical format sales.
According to the report, a whopping 41 million units of vinyl were sold last year.
Mitch Glazer, Chairman and CEO of the RIAA, said "Music lovers clearly can’t get enough of the high-quality sound and tangible connection to artists vinyl delivers and labels have squarely met that demand with a steady stream of exclusives, special reissues, and beautifully crafted packages and discs."