Vinyl is now the fastest growing music format and has overtaken streaming in terms of revenue.
Figures released in the US show that vinyl sales have increased by 52% year-on-year to $222 million (£146m) in the first half of 2015.
Meanwhile streaming is also on the rise but not as rapidly. Streaming revenue has experienced a 27% increase during the same period to $163 million (£107m), according to the Recording Industry Association of America.
It is worth noting, however, Apple Music has not been included in the findings and that streaming income could see a marked increase in upcoming months should free trial users convert to a paid subscription of the service.
PressData analyst Joshua Friedlander told Digiday of the news, “Overall, the music industry has become the most-digital in terms of all traditional media outlets – magazines, newspapers – in terms of transition”.
“There is more optimism out there than there was. Two-thirds of the market is still physical [CDs]. It used to be monolithic. Now it’s a mix of things, a revenue diversification that makes a more stable source to grow off of.”
“[Streaming] services have mostly grown through word of mouth. There hasn’t been a big Spotify advertising push. When you get a player like Apple involved, that really generates a whole new level of awareness.”