Joe Petro at Music Think Tank:
Listeners spent over $100 million dollars on vinyl records in 2011. That is a 30% increase in both revenue from and unit sales of vinyl in 2010. Big numbers, right? Well, sort of, for vinyl at least, but in this $7 billion industry vinyl does not even account for 2% of total sales. Nevertheless, vinyl sales have been on the rise for the last couple of years and I see no reason for that trend to stop.
It’s like hearing good news about an old friend with whom you’ve lost contact and featured wasn’t well.
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