Vinyl is off to an INSANELY good start in Canada this year
I did a double-take when the weekly Canadian music sales and streaming report from Luminate came in. For the week ending January 11, 2024, more people bought vinyl and they bought CDs. When was the last time that happened?
Canadians bought 29,213 CDs that week but we also picked up 46,785 vinyl LPs. So far this year, we’ve purchased 67,650 CDs and 78,068 vinyl records. That’s a year-over-year increase of 65%. If this trend continues, LPs will be the best-selling recorded music format.
*Checks notes* Yep, it’s 2024.
Meanwhile, consumption of music through on-demand audio streams continues to rise. Year to date, we’re up 10.1%. Last week along, we streamed 2,378,590,309 bits of audio.
We need to watch this closely over the course of the year.