Vinyl file gross sales high CDs for first time in additional than 30 years: “Music lovers clearly cannot get sufficient”

Vinyl information are again and extra fashionable than ever. A brand new report discovered that vinyl file gross sales continued their greater than decade-long development in 2022, and for the primary time in additional than three many years, outsold CDs within the variety of models. 

The report, printed by the Recording Business Affiliation of America on Thursday, discovered that bodily codecs of music noticed one other yr of total development in 2022, totaling $1.7 billion. Making up almost three-quarters of that development had been vinyl information, which noticed a 17% improve in revenues for $1.2 billion. This marked the product’s sixteenth yr of consecutive development, RIAA mentioned. 

It additionally marked the primary time since 1987 that extra vinyl information had been offered than CDs, which noticed a income decline of 18% in 2022. The group mentioned that 41 million vinyl albums had been offered final yr, in comparison with 33 million CDs. 

However bodily copies continued to do higher than digital downloads, which as soon as once more noticed a decline in revenues. Digital downloads had been as soon as a stronghold of the business, having as soon as made up 43% of recorded music revenues in 2012. However 10 years later, that make-up has dropped to simply 3%, the report discovered. 

Even nonetheless, it was an total constructive yr for recorded music, rising about 6% from 2021 to just about $16 billion in retail and $10.3 billion in wholesale. 

In a submit on Medium, RIAA Chairman and CEO Mitch Glazier mentioned that final yr’s numbers present that vinyl is “cementing its function as a fixture of the trendy music market.” 

“Music lovers clearly cannot get sufficient of the high-quality sound and tangible connection to artists vinyl delivers,” Glazier mentioned, “and labels have squarely met that demand with a gradual stream of exclusives, particular reissues, and fantastically crafted packages and discs.”