Vinyl sales hit a 25-year high: John Maytham talks to Stephen “Sugar” Segerman

Deloitte expects double-digit growth in the sales of vinyl records for the seventh consecutive year, passing the $1 billion mark for the first time since the 1980s.

The professional services company expects 12-inch records to generate between 15% and 18% of all physical music sales.

According to the Entertainment Retailers Association, vinyl outsold digital downloads for the first time in December.

Consumers bought 3.2 million LPs in 2015 – a 25-year high.

John Maytham interviewed Mabu Vinyl’s Stephen Segerman.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

VINYL SALES HITS A 25-YEAR HIGH

Deloitte expects double-digit growth in the sales of vinyl records for the seventh consecutive year, passing the $1 billion mark for the first time since the 1980s.

Musica has a full vinyl section now.

— Stephen Segerman, Mabu Vinyl

New vinyl is a bit pricy.

— Stephen Segerman, Mabu Vinyl

The market big.

— Stephen Segerman, Mabu Vinyl

It’s much more expensive to buy a vinyl record than to digitally download an album.

— Stephen Segerman, Mabu Vinyl