While streaming continues to entirely dominate the music landscape , strong-arm media is continue its resurgence and vinyl group is the new top click .
In 2022 , the near-100 year old data formatting defeated standard candle sales for the first time in 35 - class according to figures from the Recording Industry Association of America .
The end - of - year round of drinks - up said sales of strong-arm media rose by 4 % during 2022 , but vinyl group did most of the expectant lifting with 71 % of that taxation . Of of course , records are generally more expensive than their thickset disc twin , but the numbers do n’t lie : 41 million vinyl radical record vs 33 million CDs .
If it were n’t for widepsread shortfall – largely due to Taylor Swift devouring the raw materials for umpteen Midnights pressings – the numbers may have been greater .
Thereportreads : “ Revenues from forcible music format continued to grow after their noteworthy resurgence in 2021 . entire physical tax revenue of $ 1.7 billion were up 4 % versus the prior year . tax income from vinyl records originate 17 % to $ 1.2 billion – the sixteenth consecutive year of development – and answer for for 71 % of physical format tax income . For the first time since 1987 , vinyl albums outsell CDs in units ( 41 million vs 33 million ) . After a 2021 rebound versus the Covid touch 2020 , gross from CDs fall 18 % to $ 483 million in 2022 . ”
The “ other ” section in this equation is probable to be dominated by the cassette tape measure format , which seems to be over its small renaissance compare to a couple of year back when they were once again pop .
Elsewhere , the report once again saw a rise in multitude pay for music subscriptions , make 92 million in 2022 , up from 84 m in 2021 . development does come out to be stall a footling now though , after larger year - on - class increment between 2018 and 2020 .
Digital download gross continued to fall and was down 20 % in 2022 .
