I've been into audio since the 1970's so I've seen audio formats come and go . . . and come back again. Every time I travel to a new city, I search out audio and record shops. In every case, the owners have told me the primary group that buys LPs are 12-34's and at least half don't even own a turntable; they buy the records mostly to support the artists and hope someday to have something on which to play them. At my local used record and CD shops, I actually see people of all ages shopping for both. Perhaps my town is unusual but I don't think so.
The Rapid Rise (& Fall) of the CD
A few days ago, one of my favorite YouTube channels did a video on the CD. This channel (Asianometry) always does an incredible job telling the story of different technologies, technical industries and/or products.
I think most of you will find the 25 minute video to be very interesting.