https://www.riaa.com/u-s-sales-database/
At its peak, Inflation adjusted Vinyl Sales was $1.4billion in 1979. Then forward to the lowest sales in 2009 at $3.4million. So Vinyl has been so popular it grew to $8.5m by 2021.
That is just nostalgia, not cultural change pushed by the dystopia of AI.
In this case, it's for the harmless charm of an imagined past, but the same forces are at play in some more dangerous forms of social conservatism.
But things can coexist. It's now easier to create music than ever, and there is more music created by more artists than ever. Most music is forgettable and just streamed as background music. But there is also room for superstars like Taylor Swift.
Things don't have to be either-or.
"Revenues for the LP/EP format were $1.2B in 2022 and accounted for 7.7% of total revenue of $15.9B for all selected formats for the year"
Adjusted to inflation.
It's my understanding that LP/EP is vinyl as well. Not Just vinyl single.