Or even more significant than this--look at the amount of new music released on LP vs. what's released on CD or MP3.
It's sobering. Then consider that the bulk of music released on LP is dance tracks for DJs ... the number intended for listening is almost nonexistent.
BUT--the world is still full of LPs, including some of the best music ever recorded, and there are a lot of fanatical people buying these up wherever they get a chance (record fairs, used stores, thrift shops ...) and buying expensive turntables to listen to them. In fact there are more high end turntables being made today than ever before in history.
So the parallel to the photographic fringe seems like a good one. The LP used to mainstream. Now it's so fringe that a lot of kids have never had one in their hands, and it's not a relevent medium for most recording artists. But plenty remain, and there's an enthusiastic subculture that continues to love them.
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