Vinyl Sales Aren't Dead: The 'New' Billion Dollar Music Business
https://www.forbes.com/sites/jordanp.../#32f1f56c4054
Vinyl records are projected to sell 40 million units in 2017, with sales nearing the $1 billion benchmark for the first time this millennium. This impressive milestone has been untouched since the peak of the industry in the 1980s. While explosive by today’s standards, according to Deloitte, in its heyday (‘81), total vinyl album sales surpassed 1 billion units in just that year alone.
The record industry’s hunters and gatherers have been busy collecting. According to Deloitte, new vinyl records and revenue will enjoy a seventh consecutive year of double-digit growth in 2017. But the slice of the pie is still a very small one - with broader music industry revenues projected to be approximately $15 billion this year, vinyl will account for only 6%.
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