Business

Vinyls Make A Dashing Comeback After 33 years!

By Ankit Chugh
September 16, 2019
Vinyls Make A Dashing Comeback After 33 years!
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%

Related News

Spotify Reports Record Operating Profit In Q3 2024 As Premium...

This marks a year-on-year increase of 12% for premium subscribers and 11% for free users, bringing Spotify’s total monthly active....

November 14, 2024

Saregama India Reports 6.2% Fall In Q2FY25 Net Profit To...

For the quarter ending September 30, Saregama reported a revenue surge to Rs 241.83 crore, up from Rs 172.35 crore....

November 06, 2024

Universal Music Group Partners With KLAY Vision To Develop Ethical...

Universal is currently engaged in litigation with Anthropic AI and Suno and Udio over the use of the label's recordings....

October 29, 2024

Music Broadcast Reports Rs 1.99 Crore Net Loss In Q2...

Sales for Music Broadcast rose by 4.56%, reaching Rs 54.83 crore in the September 2024 quarter, up from Rs 52.44....

October 26, 2024