Vinyl Is Back! Who, Exactly, Is Fueling the Vinyl-Records Renaissance?

It's so good to know that very young people and many others for that matter, are putting away their iPods, and CD's and are getting back into Vinyl Records. "The equation facing the music business is now well understood: Sales of CDs and digital music downloads are in what looks like a death spiral, while streaming music services are adding subscribers and increasing revenues but not yet profits.But another corner of the music business is experiencing rapid growth: old-fashioned vinyl records.According to the latest numbers from Nielsen Sounscan's mid-year report, released last week, vinyl record sales in the U.S. were up more than 40% in the first six months of 2014, with 4 million units sold. In 2013, vinyl sales hit their highest level since at least since 199, with 6 million units sold. At the current pace, this year's sales are on track to beat that again quite easily."

Now this is not as new trend. It's been happening for a number of years. "

Vinyl Album Sales in the United States from 1993 to 2013 (in million units)