00:00Music lovers have collected their tunes in a variety of formats throughout the
00:04years. From vinyl and back again, let's look at the sweet-sounding evolution of
00:09selling music to the masses.
00:12Life Well Spent presented by GEICO. It all started with the vinyl record.
00:18Phonographs and box stereos played the hits on vinyl discs with gritty
00:22perfection. In the 60s you could pick up your favorite album for $3 and a 45
00:27single for just a buck. Slip into those bell-bottoms and imagine grooving to 70s
00:31jams on your 8-track player. In those days you could snag an 8-track system for
00:36around $110 and those clunky cartridges for as low as $2. Playing Paula Abdul
00:42became a little more portable in the 80s. Cassette tapes were in and out of our
00:46Walkmans for years and pencils were more than just a writing tool. You could
00:49listen to an entire album on cassette for around $10. Enter the compact disc. CDs
00:55wowed the music world by switching tracks with the click of a button. In the early
00:5990s you could stay high-tech with a CD player for about $150 and around $15 for
01:05a shiny new album. As we rode into the new millennium, our favorite hits were just a
01:10download away. MP3 players fit perfectly in our pockets and left us lighter on our
01:14feet. The first iPod was released in 2001 for about $400. Digital downloads now come
01:21with a $1.29 price tag per song and around $10 an album. We've come full circle as
01:27collectors look to put needles on vinyl once again. With Sony planning to produce
01:31records for the first time in three decades, the LP may be the comeback the 80s
01:35never saw coming. Coinage. Life well spent. Presented by GEICO.
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