From dominating the domain of the music industry throughout the 1960’s and into the early 80’s, the history of vinyl is quite interesting. With the introduction of CD's, album sales came to a screeching halt, but the curious resurgence of vinyl record stores, like Midtown's Academy Records, has brought this seemingly extinct music media back to life.
Vinyl records have grown past the point of novelty to a significant and rising percentage of overall music sales. In 2012 vinyl album sales totaled 1.4% of all U.S. album sales, a little over 4.6 million units. This is compared to the meager 0.4% in 2008 with only 1.9 million units. These numbers do not factor in used vinyl, which is also a budding industry thanks to stores like Academy Records.
In recent months every major record label, as well as smaller independent ones, have been releasing new albums on vinyl formats. These new vinyl albums often carry codes for digital download, offering the best of both worlds. French duo Daft Punk released their newest album “Random Access Memories” in mid-May and has attributed six percent of its first week sales to vinyl copies.
With the interest in vinyl records continuing to grow, the demand for new and used records continues to boom as well. Academy Records has a wide assortment of vinyl albums, spanning a myriad of genres and time periods. Come by and expand or start your collection today.