Summarize this text: The Recording Industry Association of America (RIAA) has revealed in its annual revenue report that vinyl sales have outpaced CD sales for the first time since 1987. From a report: Sales of physical music formats, like vinyl, ... #144
...CDs, and cassette tapes, saw a 4% increase from 2021 to 2022, but last year vinyl made up $1.2 billion of the $1.7 billion in physical media sales according to the report. In physical units, records outsold CDs 41.3 million to 33.4 million, respectively -- RIAA says this is vinyl's sixteenth consecutive year of growth. CD sales actually fell 18% from $585 million to $482 million in revenue between 2021 to 2022, but the report suggests that 2021 saw a rebound in sales after 2020 took a chunk out of CD manufacturing and sales. So vinyl is officially booming again, and it may have something to do with the pandemic. The height of the covid-19 pandemic forced concert venues to shut down over health concerns and saw artists and their labels rethinking their music release strategies. Vinyl may have offered a special experience without consumers ever having to leave their homes, and it was an untapped stream of income for artists and labels.
EXAMPLE RESPONSE:
Vinyl sales have surpassed CD sales for the first time since 1987, accounting for $1.2 billion of the $1.7 billion in physical media sales in 2022. Records outsold CDs 41.3 million to 33.4 million in physical units, with CD sales falling 18% from $585 million to $482 million in revenue. Vinyl has seen growth for the 16th consecutive year, with the pandemic potentially playing a role in its increased popularity due to concert venue closures and rethinking music release strategies.
...CDs, and cassette tapes, saw a 4% increase from 2021 to 2022, but last year vinyl made up $1.2 billion of the $1.7 billion in physical media sales according to the report. In physical units, records outsold CDs 41.3 million to 33.4 million, respectively -- RIAA says this is vinyl's sixteenth consecutive year of growth. CD sales actually fell 18% from $585 million to $482 million in revenue between 2021 to 2022, but the report suggests that 2021 saw a rebound in sales after 2020 took a chunk out of CD manufacturing and sales. So vinyl is officially booming again, and it may have something to do with the pandemic. The height of the covid-19 pandemic forced concert venues to shut down over health concerns and saw artists and their labels rethinking their music release strategies. Vinyl may have offered a special experience without consumers ever having to leave their homes, and it was an untapped stream of income for artists and labels. EXAMPLE RESPONSE: Vinyl sales have surpassed CD sales for the first time since 1987, accounting for $1.2 billion of the $1.7 billion in physical media sales in 2022. Records outsold CDs 41.3 million to 33.4 million in physical units, with CD sales falling 18% from $585 million to $482 million in revenue. Vinyl has seen growth for the 16th consecutive year, with the pandemic potentially playing a role in its increased popularity due to concert venue closures and rethinking music release strategies.