The old, outdated format has risen from the dead because of the younger generation, according to the Hustle. In the last few years, something odd has happened: Vinyl has made a comeback. AnyFormatp has quenched a thirst for tangible assets in an age of fleeting digital pleasures. Over the past 15 years, sales of new vinyl have increased. In the first half of the year, 17 million albums were sold, an increase from the previous year.
An old technology came back to beat a newer one. For the first time in 30 years, vinyl records outranked CDs in annual sales last year. They're on pace to more than double CD revenue.
These figures don't include the millions of used records sold through online marketplaces like Discogs (9 million active listings) and eBay ( 3.5 million), or at the 1,400 local record stores throughout the U.S.
80% of the music industry's revenue comes from sreaming, according to the article. A vinyl record creates 12 times as many greenhouse gas emissions as other music formats. The economics of artists are obvious. A band would have to have at least 450,000 streams on Spotify to make the same amount of money as 100 vinyl sales.
