Demand for vinyl records growing in double-digits for more than a decade, with sales reaching $1 billion last year
Record album sales revenue grew a whopping 61 percent in 2021 and reached $1 billion for the first time since the 1980s.
The industry "has found a new gear, and is accelerating at a new pace,” said Mark Michaels, CEO and chairman of United Record Pressing, theUnited States’ largest record producer, in Nashville, Tennessee. The sales were far outpacing growth rates for paid music subscriptions and streaming services like Spotify and Pandora, according to the Recording Industry Association of America.Record albums nearly spun into oblivion with sales overtaken by cassettes before the compact discs brushed both aside.
A younger generation is buying turntables and albums, and a new generation of artists like Adele, Ariana Grande and Harry Styles have been moving to vinyl, said Larry Jaffee, author of “Record Store Day: The Most Improbable Comeback of the 21st Century.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Manufacturers Struggle to Keep Pace With Vinyl Record DemandDemand for record albums continues to soar in the United States, and the manufacturing base is having to reinvent itself to meet demand.
Leer más »
Manufacturers struggle to keep pace with vinyl record demandDemand for record albums continues to soar in the United States, and the manufacturing base is having to reinvent itself to meet demand.
Leer más »
Texas power demand could exceed supply this afternoon, ERCOT forecastsThe previous all-time record for power demand was set on Monday, and some still have lingering memories of the grid's collapse during Winter Storm Uri. SanAntonio SATX SanAntonioTX Texas TexasGrid PowerGrid heatwaves
Leer más »
Texas’ power grid may need to dip into power reserves as demand growsERCOT, Texas' power grid operator, is on the verge of breaking yet another record for demand this week and may need to tap into reserve power this afternoon.
Leer más »
China's Steel Mill Owners Are in a Bad Mood as Demand Takes a HitSteel inventory is slowly piling up in their warehouses as demand for steel in China falls amid pandemic lockdowns and crippled construction activity.
Leer más »
Mothers of murder victims join to demand more city action to combat gun violenceA handful of women's groups have formed the Mother's Movement to demand that the city do more to decrease gun violence.
Leer más »