Vinyl records outsell CDs for first time since '87
the music. I'm going to go over the music. I'm going to go over the music. Okay, so if you've listened to any music recently, it was most likely from a streaming service like Spotify, which accounts for the vast majority of music consumers. But if you want to own a copy of the music vinyl records have actually made a comeback that's more than 35 years in the making. Box 26 business reporter Tom Ziska is live at Cactus Music tonight on the Cactus Music website. In 1987, I was graduating college.
Ronald Reagan and Mikhail Gorbachev were playing diplomatic chess. The Minnesota Twins won the World Series and Bon Jovi dropped living on a prayer. It's also the year vinyl lost its fight against the CD until now. On a warm spring day, there is steady traffic in Houston's Cactus Music with people flipping through the thousands of records. The record company is now working on a new record collection. I love the idea of having a physical representation of the music that I love. More and more, the choice for that physical representation is the age old vinyl LP.
The recording industry Association of America's latest year end report finds vinyl sold more units than CDs in the U.S. last year. With more streaming options and fewer retailer selling CDs, vinyl was primed for this. I think what you see is there's a bookshelf, the return of the bookshelf mentality in that people, they stream everything, they might stream the tracks, but the stuff that's really great, if it's a statement from the artist, a new album, well, they have to own the whole thing. But as a new generation of music lovers discover the experience of putting an album on the needle down, it seems more than nostalgia. In an era where parents and grandparents relied on compact discs, the album is theirs.
It warms my heart to see young people getting interested in that and really digging into the heart and soul of what music was and has become now. So that industry report says that vinyl has accounted for 70% of all physical music sales last year worth $1.2 billion. Still a fraction of the streaming music revenue, but it may be enough to get album manufacturers who have largely left the marketplace to perhaps come back and try to feed that demand. Jonathan and Caroline, fortunately enough, we have a place where people can learn about the latest music, including albums, Ruben and Quinn Bishop from here at Cactus Music. Do the drop, which you can find on fox26usern.com.
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