The resilient format raked in $1.2 billion in 2022, outselling CDs by nearly 8 million units.
, and cassette tapes, saw a 4% increase from 2021 to 2022, but last year vinyl made up $1.2 billion of the $1.7 billion in physical media sales according to the41.3 million to 33.4 million, respectively—RIAA says this is vinyl’s sixteenth consecutive year of growth. CD sales actually fell 18% from $585 million to $482 million in revenue between 2021 to 2022, but the report suggests that 2021 saw a rebound in sales after 2020 took a chunk out of CD manufacturing and sales.
senior editor at Billboard, told Gizmodo in a February interview. “That’s why you see a lot of live albums that were rereleased on vinyl or pressed on vinyl for the first time. It’s just a really good way to generate some extra income and then I think fans were responding well to that and now they’re demanding it from their favorite artists.”While vinyl is a titan of the physical music industry, streaming is still king overall.
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