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Vinyl Record Sales Experience 33% Drop in 2024

Vinyl Record Sales Experience 33% Drop in 2024

Sales of vinyl records have dropped by 33.3% this yr, as per Billboard’s latest music consumption report.

The report revealed that solely 23.3 million vinyl items had been offered this yr — 11 million items lower than the 34.9 million items offered in 2023. Billboard provides, nonetheless, that different codecs have additionally skilled a drop in gross sales; compared to their 2023 numbers, CD gross sales fell by 19.5% and digital albums by 8.3%. Overall, album gross sales have shrunk from final yr’s 75.5 million items to 57.5 million items this yr, logging a 23% drop.

The change in tempo of vinyl gross sales come as a shock as file gross sales have been considerably growing over the previous decade or so. Vinyl LP gross sales hit a new 30-year excessive simply three years in the past after 2.11 million records had been offered within the week ending December 23, 2021.

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October 15, 2024 at 10:00AM

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