Columbia Records developed the 33 1⁄3 rpm LP (for “long-play”) format and marketed it in 1948. In response, RCA Victor developed the 45 rpm format and marketed it in 1949. The 45 format allowed for juke boxes to proliferate.
Audio Fidelity offered the first commercial stereo two-channel records in 1957, however, it was not until the mid-to-late 1960s that the sales of stereophonic LPs overtook those of their monophonic equivalents, and became the dominant record type.
Such stereo technology combined with LSD’s psychedelia created an opportune format for many bands to present their music.
Since the 1990s vinyl recordings, despite their sound quality, were largely replaced by the compact disc.
And since 2000, digital downloads and streaming have replaced CDs.
However, in 2007, vinyl sales made a sudden small increase, starting its comeback, and by the early 2010s it was growing at a very fast rate.
Sales of vinyl in 2016 reached a 25-year high as consumers young and old have once again embraced physical formats of music.
In 2016, fans purchased more than 3.2m LPs, a rise of 53% over 2015 and the highest number since 1991 when Simply Red’s Stars was the bestselling album. 2016 was also the first year that spending on vinyl outstripped that spent on digital downloads.
And in 2018, vinyl sales moved nearly 10 million units.
And in 2019 CNBC reported: This past week, the Recording Industry Association of America (RIAA) released its mid-year report. It showed that 80% of the of music industry’s revenue comes from streaming, but it also showed that revenue from sales of vinyl records is on track to overtake that of compact discs by the year’s end, should current trends continue.
Sweet vinyl’s sound return.
Here is an article about America’s oldest record store and how important the sale of vinyl records still is to the store.
Here is an interesting perspective about our shelves today and vinyl records. The New York Times article begins with, “When I was 13, in the early 1990s, I dug through my parents’ cache of vinyl records from the ’60s and ’70s. We still had a phonograph, so I played some of them, concentrating on the Beatles. Their bigger hits were inescapably familiar, but a number of their songs were new to me.”
And below is a video from the New York Times about this vinyl renaissance and keeping up with pressing records.