A friend of mine from California sent me an excerpt from an article in the L.A. times yesterday that has to do with the music industry and records:
Sales of the old-school LPs are at a nearly 30-year high and rising, making it one of the only growth areas in the long-troubled music business. LP and EP sales hit $416 million in the U.S. last year, nearly five times their revenue from five years ago and hitting their highest point since 1988, according to the Recording Industry Assn. of America.
Vinyl remains a small fraction of the overall music industry — about 6% of total sales — but the increase has given the music business a silver lining to point to. Vinyl sales are up 11% in the first half of 2016, according to Nielsen.
“That’s a healthy increase when other segments of the business, particularly downloads and CDs, are in decline,” said Vince Szydlowski, Capitol Music Group’s senior vice president of label sales.
He wondered if I had noticed the trend here. Let’s find out. Do you still play, still prefer possibly even still purchase vinyl records?