CD sales are down. Digital sales are up (but not as much as CD sales are down). So what's growing in the music industry?
Vinyl.
According to Nielsen SoundScan, 858,000 vinyl LPs were purchased in 2006, 1,000,000 in 2007 and 2008 is projected to go to 1,600,000.
In addition, turntable sales, which were at 275,000 in 2006, jumped sharply to 500,000 last year.
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Top 5 eBay Vinyl Record Sales
Week Ending 05/31/2008
1) 78rpm - King Solomon Hill "Whoopee Blues" / "Down On My Bended Knee" Paramount 13116 - $4,169.99
2) LP - Various (incl Bob Dylan) "Columbia April Demonstration Record" 1962 - $4,155.00
3) LP - Jaques Dumont Bach Sonata & Partitas Belvedre - $4,049.00
4) LP - Elvis Presley "Gold Records Vol 4" Mono Sealed = $3,300.01
5) LP - Elvis Presley "Aloha From Hawii" Promo w/ Starkist Sticker - $3,000.00
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