What is the Difference Between an Extended Play (EP) and Long Play (LP) Vinyl Record?

The terms EP and LP originally come from the world of vinyl records. But what's the difference? In this video, we'll fill you in.
ARTICLE: What is the Difference between an LP and EP?
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TRANSCRIPTION:
What is the difference between an EP and an LP?
LP stands for Long Play, and means, in essence, a full album. The term began being used to refer to 12-inch 33 1/3 RPM records that have a runtime of about 30-44 minutes, and, over time, the term also started to be used with cassettes and CDs.
EP stands for extended play, which is longer than a single and not long enough to be an album.
The exact requirements are not necessarily set in stone. Different sources will give different definitions.
For sales purposes, the Recording Industry Association of America says between 3 and 5 songs, and a runtime under 30 minutes is an EP. But for Grammy Awards, an album must have five or more songs, and a runtime over 15 minutes, and they do not differentiate between LPs and EPs.
On the other hand, both Apple Music and Spotify use the criteria of 4 to 6 songs with a total runtime of under 30 minutes. Apple Music also considers a record an EP if there are 1 to 3 songs, with one song longer than 10 minutes, and a total runtime of less than 30 minutes.
But do the exact terms matter? Not really. Other than streaming services putting the album in the EP section of an artist's profile, there's no real practical difference between an album being called an EP or a LP.
Thanks for watching.