Curiously, I just play LPs all day yesterday. I love my Bryston BP-1.5 phono box.
That 78's had a thirty years lifespan, then Lps arrives and eclipsed 78's
Then another 30 years and Cd eclipsed LP really fast. Even the majors were stunned at how fast LP sales declined and CD took off.
The CD is now about 30 years old and naturally the talk of it's demise.
The real thing is the Cd has reached total saturation. NO one is buying new old issues. And that is the bread and butter of the manufacturers.
They made Billions on reselling back catalog in CD from the original LP issues.
Any way, the Lp was declared dead way back in the 1990s.
Hah, fooled them.
I think CD is going to do the same thing. Eventually CDs sales will get to really low levels. And when folks have a brainfart over them, they will also have a renaissance and become popular again.
The current resurgence of LP is just a fad. It may be big, but remember it is a passing fashion with most of the new converts, and not a lifelong quest.
The old guard is dying off, and those LPs will still fill the used stores and internet for many years to come.
The time to have gotten into LPs would have been in 1985 to 2000. The deals were fantastic and a LOT of great dirt cheap stock was available. Not anymore! (at least not cheap!)
CDs are in the oversaturated condition of being dirt cheap now. So if you like them, buy buy buy (used, but only if they are dirt cheap)Because in ten years, that oversupply will be gone, and the used prices will go up. AND if they do regain a 'fad' like popularity like LPs have.. then the prices will be high again.
Remember, downloads may be fun and cool and easy, but they are not resalable. And that is the major delight of the music industry.
When folks realize all those downloads have zero value used...
(they certainly cannot be resold leagally, nor even traded leagally!) I think it will happen, then CDs will become a better value again.
8 track and cassttes are in a different boat, same one as VHS and LD discs. The format change really was a killer for them. Same as 78s.
The difference with Lps and CDs are they are still both reasonable formats, same as DVD.
So CD, LP and DVD will be around for awhile. Lp is kind of lucky it got the fad going for it. Once that fad is gone, LP will gradually fade away. 20 years from now, no one will be buying LPs. They will be buying CDs though.. IMO. (DVDs all depend if they make a real big jump which makes even BluRay obsolete)
I do not think any new audio format is going to come along. The current formats are good enough. even BluRay has zero growth in audio. Where it could be the future, but is it NOT going to be, for reasons downloading crazy companies know: It is the death of the used market downloading represents. They are NOT going to kill that golden egg with a hi rez format folks can resell!!!