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Vinyl LP sales poised to overtake compact discs: report


The Beatles' album "Abbey Road" is a popular vinyl item at the Princeton Record Exchange. (LEON NEAL/AFP/Getty Images)

Life in plastic is not fantastic.

Compact discs are on the verge of being overtaken by vinyl in terms of revenue generated by album sales, according to a new Recording Industry Association of America report.

Data reveals sales of vinyl albums during the first half of 2019 grew 13% to $224 million.

The study also noted that CD sales were plummeting three times as fast as vinyl sales were growing.

This comes as no surprise to Jon Lambert, the owner of Princeton Record Exchange, a New Jersey-based business specializing in the sale of new and previously owned LPs, CDs and DVDs.

“About eight years ago LPs took over (as top seller,)” Lambert, who worked as a clerk at the Princeton shop for 27 years before purchasing the business in 2015, told the Daily News.

When asked which albums were the most sought after at his store, he ticked off the classics: The Beatles’ “Abbey Road,” Fleetwood Mac’s “Rumours” and virtually everything created by Led Zeppelin and Jimi Hendrix.

Lambert credited the vinyl comeback to younger fans who are “looking for an engagement to counter the sterility of the music industry.”

The businessman also possesses about 50,000 LPs in stock, some of which come from people looking to unload their music collections. About 70% of his stock is previously owned.

“We might buy 10,000 albums one week and 1,000 the next,” explained Lambert.

Despite the inroads made by vinyl, streaming still reigns supreme — U.S. revenues during the first half of 2019 topped out at a boffo $5.4 billion, up 18% from the same period the year before.