Recently we highlighted that RIAA (Recording Industry Association of America) showed that 80% of the music industry’s revenue is clocked in from streaming. But that is not what we intend to focus on today. Let’s look the Vinyl sales. For the first time since 1986, Vinyl sale have crossed CD sales.
For those who have been following the developments over the last few years won’t be surprised by the resurgence in the Vinyl sales, but the general audience would be quite baffled by this.
Thanks to the data provided by eBay regarding the sales of Vinyl, both new and used, we can see an upward trend in the last decade. With over 55.8% growth from 2010 to 2011, or 131.8% from 2011-2012 or the year-on-year increase in sales of 18.5% from 2016 to 2017, it is only normal for the prices to go up as well. While it costed at an average of $4.80 in 2007, it costs went up to around $28.40 in 2017 which is an astonishing increase of 490%.
“For some, streaming has cheapened music, and the ritual of buying and owning a record is a way to really commit to the artist and their work,” said Dan Orkin, Director of Content, Reverb – a marketplace that also sells records via Reverb LP.
It is also a matter of the appearance of a vinyl. Something about a John Coltrane Vinyl playing on your player while you cozy up with a good book and a glass of wine.
But it’s not all that great in Vinylville. The ‘warm’ sound that people rave about In a Vinyl also needs to be done justice to. In the hands of a bad mixing & mastering engineer – the Vinyl can sound awful. Even the pressing plants need to do justice to the Vinyls that are going out to stores. Nobody wants a scratched, warped Vinyl for 30$. Quality should be a top priority and enough care should be put into it for it’s market to keep growing.
LOUDEST SUGGESTION FOR VINYLS:
Miles Davis – Blue to Green
Floating Points – Elaenia
Kaytranada – 99.9%