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First LP

June 21, 2014

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Profile America — Saturday, June 21st. Our love of music has driven the recording industry over the years to come up with better ways to store and retrieve our favorites. One man's devotion to classical led to a major breakthrough. He was Dr. Peter Goldmark of CBS Labs, who developed the long-playing record — first shown to the public on this date in 1948. A similar revolution occurred in the 1980s, as CDs replaced LPs. Since the 1990s, digital downloads of music have driven down CD sales. Because of this greater consumer choice, music purchases have fallen from nearly $12 billion in 2003 to just over $7 billion in 2012. But that's still enough to sustain over 1,700 sound recording studios in the U.S. Profile America is in its 17th year as a public service of the U.S. Census Bureau.

Kane's Famous First Facts, 7012 NAICS 512240

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Source: U.S. Census Bureau | Public Information Office | Last Revised: May 19, 2014