Data from the Recording Industry Association of America (RIAA) earnings report shows that
What is known
According to the report, vinyl record saleshave grown gradually over the past 16 years. And at the end of last year, they outsold CDs—this happened for the first time since 1987. Today, they account for 71% of all revenues from the sale of physical music formats, which is $1.7 billion.
At the same time, in 2022, sales of CDs fell by 18%. At the end of the year, 33 million of them were sold, and 41 million copies of vinyl records were sold.
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In the US, the best-selling records in 2022 were albums by Taylor Swift (1.7 million copies), Harry Styles (719 thousand) and The Beatles (553 thousand).
Sales of vinyl records also increased in the UK, Germany, Japan and South Korea. But the market is still dominated by music streaming.
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