The heyday of vinyl records — the so-called “album era” — spanned from 1964 to the mid’90s. But the advent of CDs and then the internet seemed to spell the end for the cherished format. In 1993, vinyl album sales in the United States had dropped to their lowest-ever point, with only about 300,000 units sold. (Compare that figure to those of Pink Floyd’s 1973 LP The Dark Side of the Moon; it sold nearly twice as many units in its first month.)
Seemingly superseded by CDs and downloads, vinyl records continued to be pressed, and sold in limited quantities. But — according to figures from the RIAA (Recording Industry Association of America), through 2007 vinyl album sales were essentially flat, hovering around the one million units per year mark. Though by then CD sales were also in decline (from a late ’90s high of nearly a thousand million units), CDs still accounted for more than 500 million units sold. With a market share of less than 0.2%, the vinyl LP qualified as a niche item.
But around 2008, something unexpected happened: sales of vinyl records began to climb. According to data complied by Statista, for every year since then, vinyl record sales have increased anywhere from 21% (2010-2011) to 51% (2013-2014). In 2019, nearly 19 million vinyl records were sold in the U.S. While not completely moribund, CD sales for that year dropped to 46.6 million units. (And because the retail price of records today is sometimes higher than CDs, the RIAA reports that annual revenue from records actually surpassed that of compact discs in 2019.)
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Denne historien er fra November 2020-utgaven av GOLDMINE.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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THE GRAND POOBAH!
SINCE THEIR INCARNATION in the early 1970s, the band Poobah have recorded over a dozen albums with various lineups, while openi ng for some of rock and roll’s biggest names.
THE MAKING OF PEARL
JANIS JOPLIN IN 1970: A NEW B AND AND THE MAKING OF HER CLASSIC ALBUM, PEARL.
There Must Have Been Something in the Water
If The Beatles never happened, if the British invasion never occurred, then music fans around the world would more than likely never have been exposed to some of the finest white blues singers that the U.K. produced between 1964 and 1970.
The SAGA Continues
SAGA WERE NOT THE ONLY band to make an album during the pandemic — far from it.
Ten Years After MORE THAN 50 YEARS LATER
DRUMMER RIC LEE TALKS TO GOLDMINE ABOUT A TEN YEARS AFTER DELUXE EDITION OF THE A STING IN THE TALE ALBUM AND HIS RECENTLY RELEASED MEMOIR, FROM HEADSTOCKS TO WOODSTOCK.
SUZI QUATRO IS BACK!
WITH A NEW ALBUM, THE DEVIL IN ME, THIS PIONEERING FEMALE ROCKER REMAINS AS DRIVEN AND DETERMINED AS EVER
RE-SHAKE & RE-MAKE
WITH THE RERELEASE OF THEIR DEBUT ALBUM, SHAKE YOUR MONEY MAKER, THE BLACK CROWES FLY HIGH BY REFLECTING ON THEIR ROOTS.
LOVE FOR PEARL
2021 will be a big year for fans of Janis Joplin. The Rock and Roll Hall of Fame in Cleveland is curating a special exhibit devoted to her that is scheduled to open in May.
Q&A WITH JANIS' SIBLINGS, LAURA AND MICHAEL JOPLIN
Q&A WITH JANIS’ SIBLINGS, LAURA AND MICHAEL JOPLIN
CHERISHING CITY TO CITY A timeless classic by GERRY RAFFERTY
It’s early 1978 and the new single by Scottish singer-songwriter Gerry Rafferty, “Baker Street,” is blasting out on the airwaves on my small transistor radio.