The vinyl resurgence will not let up. According to a recent report by former Spotify economist Will Page predicts that record labels will gross $1 billion by the end of the year in vinyl sales alone. Globally, the old-school vessel for music is expected to overtake CDs. In fact, the economist reported that vinyl outpaced streaming, with records growing 15.4% and streaming only 10.4%.
This is the 18th straight year that vinyl sales have exceeded expectations.