In Just 7 Years, Vinyl Records Have Gone from �Fad� to �Billion Dollar Industry�
That�s right: vinyl records are about to become a billion dollar industry. That�s the latest prediction from Deloitte, who exclusively shared their data with Digital Music News. Looks like those beard-growing, wine-sipping hipsters were on to something. That is, a billion dollars worth of something . According to a game-smashing prediction released this morning, sales of vinyl records are set to become a billion dollar industry. That is, in 2017 after just seven years. Specifically, sales of records themselves will reach the $800-900 million-mark, with turntables and other accessories likely throwing things into 9-figures. + Still a Fad? Vinyl Records Return to 1991 Sales Levels After that, who knows how big this can go. The prediction was outlined in Deloitte�s just-issued �TMT Predictions� report. �Music industry vinyl is expected to continue its remarkable resurgence, approaching US $1 billion globally in revenues for t...