<img height="1" width="1" src="https://www.facebook.com/tr?id=769125799912420&amp;ev=PageView &amp;noscript=1">
ADVERTISEMENT
About Our People Legal Stuff
Kenya Vintage Vinyl

CDs and vinyl records are coming back in style

Actions

0

Move over, iTunes. There's a new sheriff in town. Actually, it's a sheriff you may be familiar with.

It turns out, digital isn't always the way to go - at least when it comes to music. New findings from the Recording Industry Association of America show that CD and vinyl records are more popular than digital downloads for the first time since 2011. Physical copies of music accounted for 17% of the U.S. music industry's revenue in 2017. It is only second to streaming services such as Spotify and Apple Music.

Kenya Vintage Vinyl
In this photo taken Thursday, March 1, 2018, James "Jimmy" Rugami sorts through records inside his vinyl records stall in Kenyatta Market in Nairobi, Kenya. Tucked into a busy market in Kenya's capital is "Real Vinyl Guru", arguably the last record store still in operation in the country and which now enjoys the growing interest of music lovers who want to look beyond sleek digital offerings and return to the pleasure of browsing for a classic find. (AP Photo/Ben Curtis)

Digital downloads accounted for 15 percent of the profits which is about a 25 percent drop from the year before. In comparison, CD's and vinyls only fell almost by 4 percent.

More people were still interested in buying hard copies of records rather than digital copies. They're seeing a 10 percent jump in revenue, earning $395 million last year. Shipments of CD's declined by six percent, still notching $1.1 billion in revenue.

Kenya Vintage Vinyl
In this photo taken Thursday, March 1, 2018, records hang from the ceiling as decorations inside the vinyl records stall of James "Jimmy" Rugami in Kenyatta Market in Nairobi, Kenya. Tucked into a busy market in Kenya's capital is "Real Vinyl Guru", arguably the last record store still in operation in the country and which now enjoys the growing interest of music lovers who want to look beyond sleek digital offerings and return to the pleasure of browsing for a classic find. (AP Photo/Ben Curtis)

Despite those struggles, 2017 was a great year for music. For the second straight year, the industry grew earning $8.7 billion in total revenue.

Comments
Read Comments
Comments
ADVERTISEMENT
Facebook Twitter Instagram Pinterest Linked In List Menu Enlarge Gallery Info Menu Close Angle Down Angle Up Angle Left Angle Right Grid Grid Play Align Left Search Youtube Mail Mail Angle Down Bookmark