Vinyl's Fall From Grace
Figures released by the Recording ► Industry Association of New Zealand reveal that vinyl has made a rapid decline in the last few years as a percentage of the estimated retail
spend on recorded music moving from 41 % in 1984 to 2% in 1 991. The CD format in that same period moved from 0.8% to 46.8%. The percentage of the retail market for sell-thru music videos (3%) now exceeds vinyl at 2%. Although the estimated New Zealand retail spending on recorded music increased in value in 1991 from 1 1 1.8 million (1990) to 1 13.7 million, there was no growth in the number of units sold.
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Bibliographic details
Rip It Up, Issue 176, 1 March 1992, Page 4
Word Count
111Vinyl's Fall From Grace Rip It Up, Issue 176, 1 March 1992, Page 4
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