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
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?