While CDs and Music Downloads Sales Drop, Vinyl Sees A Renaissance

Vinyl
In the United States, vinyl sales this past year jumped by a staggering 52%. This is the biggest year for vinyl sales since SoundScan began tracking sales data in the early 90s where CDs had become the dominant format for music.

However, even with vinyl sales numbers up considerably, they still only make about 6% of overall album sales.

While vinyl sees a renaissance especially across audiophiles who consider vinyl superior to digitally recorded music, the sales for compact discs and downloads dropped.

Streaming on the other hand sees major growth. Compared to the previous year, 2014 saw 164 billion streams of music and video, an increase of 54%.

This is a great time for digital streaming services such as Spotify and others who benefit from the increased demand for the streaming of music and video.

 

 

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