For The First Time Since 1987, Vinyl Sales Eclipse CD Sales

For the first time since 1987, vinyl has outsold CDs in the US, according to a new report by the Recording Industry Association of America.

In 2022, over 41 million vinyl records were sold compared to 33 million CDs. Furthermore, the revenue from vinyl sales reached $1.2 billion, more than double that of CDs.

But this increase in vinyl sales can be attributed to one popular artist Taylor Swift, as data found that one in every 25 vinyl albums sold in 2022 was a Taylor Swift LP, selling nearly 1.7 million records.

Those who are fans of Taylor Swift, mainly Generation Z and Millennial music listeners, like to collect vinyl due to the experience they have listening to a physical record and displaying their collection.

Streaming revenues from paid subscriptions and ad-supported services also rose 7% to $13.3 billion, roughly 84% of total music listening revenue.

One of the most popular paid subscription streaming services is Spotify Premium, which held 31% of the music streaming market as of May 2022.

Overall, music industry revenues grew by 6% to an estimated $15.9 billion in 2022.

Check out the video below to see how the demand for vinyl skyrocketed in 2022:

Written by
Danielle Levy

Danielle Levy is currently enrolled in University of San Diego’s MBA program with a concentration in Corporate Social Responsibility. She is the cohort representative, VP of Student Organizations for the Graduate Student Business Association, and Director of Operations for Net Impact. Danielle has several years of experience in the sustainability education world and has held various positions in human resources and intern management. She also worked at a local coffee shop for about 2 years. Danielle is passionate about the ties between sustainability and social impact. She spent 8 years in colorguard, including 3 international competitive seasons.

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