Who's leading the charge on all that vinyl none other than the music industry's favorite singer-songwriter taylor swift with her album 1989, which sold 33,500 lps swift recently flexed her professional muscle when she wrote an open letter to apple, criticizing the company for failing to pay artists during the. By any measure, vinyl records should have gone the way of the dodo in the digital age, we have no trouble getting our music fix without turning to large, delicate records that require a bulky machine to play them but instead of disappearing into the ether, vinyl has been making a comeback they're so. In an era where we pay subscriptions to spotify for the right to access music, rather than owning it, the tangibility of vinyl records has immediate appeal when vinyl's comeback resulted in a trendy display case of modern and retro (but all newly minted) records for sale at the urban outfitters around the. Vinyl records are projected to sell 40 million units in 2017, bringing this year's sales to the $1 billion benchmark for the first time this millennium. In a music buying industry now dominated by itunes and music streaming sites such as spotify, napster, pandora and jay-z's recently released tidal, the cd and physical music store are reportedly in sharp (and potentially terminal) decline but a curious development in music consumption has seen vinyl,. The british phonographic industry – the uk labels' association – revealed that over 32 million vinyl records were officially sold in the uk in 2016 – the highest annual in november 2015, a bpi commissioned study revealed that 66 per cent of music buyers regard themselves to be “multi-channellers. Nearly eight million old-fashioned vinyl records have been sold this year, up 49% from the same period last year, industry data show younger people, especially indie-rock fans, are buying records in greater numbers, attracted to the perceived superior sound quality of vinyl and the ritual of putting needle to. The boost in vinyl sales is part of a wider shift in the fortunes of the music industry back towards turning a profit again in december, one the biggest global record labels, warner music, reported their best profits in eight years, of which $1bn (£ 810m) came directly from streaming, and in the first half of 2016.
Why vinyl is making a comeback image via shutterstock currently, the only two growth areas in the music industry are in digital streaming services and, ironically , its antithesis: vinyl records large, fragile records, wrapped in tissue paper and cardboard sleeves, adorned with carefully selected album art. The first new record-pressing machines built in over 30 years are finally online like smt, lened, and toolex—pumped out the endless stream of grooved discs that became the lifeblood of the booming post-war music industry he pauses to let this unconscionable lapse in scientific progress sink in. The notion that vinyl records would reignite passion for music seemed far-fetched back to 2006 npd group surveyed consumers on behalf of music business association (music biz), then called the national association of record merchants what happened next gets to the heart of npd's research.
Those figures define what marshal cohen, chief industry analyst at npd group, refers to as a consumer-born trend, one that's impacting record labels there, the brand will set up a vinyl-cutting demo where visitors can step into a booth, record a song, and see it pressed onto seven-inch vinyl that is just. According to a game-smashing prediction released this morning, sales of vinyl records are set to become a billion dollar industry that is, in + what the vinyl records comeback really looks like indeed, the latest research suggests that vinyl isn't an alternative to streaming, it's being powered by it.
That's more vinyl records sold last year than from 2008 to 2012, the heralding of the genre's comeback, combined compare that data with sales of cds (down 163 percent) and digital sales (down 201 percent), and vinyl is the only music format with stable sales everything else is in rapid decline. Vinyl sales have made a notable comeback over the past few years -- up by 53 percent in 2016 -- and there's a clear reason why vinyl sales increased by 52 percent in 2016 — though didn't surpass music downloads — according to the british phonographic industry (bpi) hmv, the uk's largest vinyl. According to data released last week by nielsen soundscan, more than 92 million vinyl records were sold in the us last year, marking a 52% increase over the year before the wall street journal also reports that the vinyl sales are the highest numbers recorded by soundscan since the music industry. While streaming may be the dominant form of music consumption, it's no secret that vinyl is also seeing an impressive renaissance among music vinyl has made a record comeback, and furnace record pressing can't open its new vinyl pressing plant in suburban washington, dc, soon enough.
For the first time in seven years, americans spent more on cds and records than digital downloads this according to the recording industry ass of america, who says in its 2017 music revenues report [pdf] that sales from vinyl and cd recordings accounted for 17 per cent of revenues last year, compared. Vinyl record store vinyl has undergone a resurgence that few in the music industry were fully prepared for, with year-on-year sales growing by 53 per cent in 2016, to total more than dan ison, lead uk partner for media and entertainment at deloitte, sees vinyl's comeback as something of a phenomenon.
Yet the numbers—and observations from industry insiders—suggest that physical records will probably continue to remain a meaningful and lasting presence in many music lovers' lives in the years ahead, vinyl will likely maintain its status as a complement to the impersonality of streaming, a scruffy. During the golden age of vinyl from the 1960s to the late 80s, all the major music labels had their own manufacturing plants. You may be surprised to find that vinyl records are making a comeback in recent years, bringing back an old tradition of the music industry. Not to be mistaken by any illusion however about this comeback, vinyl records are not returning to be a dominant format — they are still occupying only a marginal share of the recorded music market nonetheless, the revival of vinyl records is conspicuous vis-à-vis the newer technologies that have taken.