Description: In the music business, 2021 was a good year for Adele; and for vinyl records. Though vinyl accounts for only 2% of U.S. music sales, for the first time since 1991, vinyl outsold CDs as the primary physical medium. Of course, streaming outstrips these older technologies by a huge order of magnitude.

Date:  January 6, 2022

Source:  cbc.ca

 Link: https://www.msn.com/en-us/music/news/music-2021-was-a-good-year-for-wallen-adele-%E2%80%94-and-vinyl/ar-AASvcEJ

Discussion points:

1) Do you or any of your classmates own a turntable?

2) What about vinyl appeals to music lovers in the digital age?

3) In Chapter 5 of Wiley’s Financial Accounting: Tools for Busine Decision-Making we are introduced to the multi-step income statement. How might the multi-step income statement of a vinyl music company differ from that of a streaming service?