Once dying, vinyl is back and thriving

NEW YORK - Vinyl's popularity has grown steadily in recent years, a reversal after CDs and digital downloads reigned over the 1990s and early 2000s.

The latest report from the Recording Industry Association of America said that in 2022 more record units were sold than compact discs for the first time in three decades, with consumers snagging 41 million pieces of new vinyl last year compared to 33 million CDs. 

Revenue from vinyl had already started surpassing CDs as of the 2020 report.

Big-box retailers including Walmart have embraced the retro format, and megastars including Taylor Swift, Harry Styles and Billie Eilish have sent pressing plants into overdrive.

Just this week, Metallica purchased a plant to keep up with demand for their own reissues.

Smaller shops are also feeding interest: Jamal Alnasr, who owns Village Revival, stocks some 200,000 records at any given time, not to mention used CDs, cassettes and memorabilia.

"Who would imagine vinyls will come back to life?" said the 50-year-old shop owner, who moved to New York from the West Bank in his late teens.

At one point he had even donated much of his own personal collection, which he estimates could be worth some $200,000 these days, to an archiving institution: "In the nineties, if you talk about vinyl, I don't think you're cool."

But decades later he says "every day I see (this) young generation buying new items."

"I've been doing this for like 30 years... a new generation, kids, they come in look for all the music from the 1930s and 40s and 50s."

"They actually know more than us, we who grew up in the 1990s and 80s," he laughed. 

"It's a beautiful thing."

- Physical experience -

Alnasr deals in both new and used vinyl -- the RIAA report refers to reported sales of new pressings, which the shop owner does stock; he estimates the store contains about half new, half used items.

He said that because vinyl is relatively expensive to manufacture and distribute, the markup these days on new items can be as little as five percent, and he relies on original collectibles to make up the difference.

Alnasr said his business is driven by a combination of music nerds and more casual listeners, and with a $15,000 monthly rent -- once a bohemian haunt, today's Greenwich Village is among the city's priciest neighborhoods -- he's mostly operating on the margins.

"Every time I'm about to sink I just take everything I've got personally and put it back into the business," he laughed. "I guess... I love my business more than I love myself."