Despite streaming services continuing to dominate the business of recorded music, there’s still very much a place for physical media in that sector. The Recording Industry of America said in an annual report [PDF] that sales of vinyl records rose for the 18th straight year in the US to $1.4 billion — the highest revenue for that format since 1984, when CDs started to emerge.
Vinyl accounted for nearly three-quarters of physical format revenue in 2024. It was the third consecutive year that there were more shipments of vinyl records than CDs — 44 million vs. 33 million. It perhaps helps vinyl’s
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