Chris DeLine

For the music industry, 2021 was definitely a memorable year. With concerts and live entertainment essentially on ice for much of the year, consumers pivoted, directing their expendable income to physical products instead, resulting in a landmark year for record stores. Variety reported in March that 2021 marked the first year since 1996 that both “CDs and vinyl records experienced revenue growth in the same year.” This boom saw vinyl records breaking through the $1 billion revenue threshold for the first time since 1986 — an extension of the format’s resurgence, which has seen revenues grow for 15 consecutive years. [Continue reading the article on the Little Village website.]

[This article was originally published in the November 2022 issue of Little Village (issue 312).]

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