Vinyl In Current Music Business

Yet while vinyl is growing it s not going to be the music industry s savior.

Vinyl in current music business. In an era when so much music is at our fingertips through streaming. Total physical album sales were down 14 9 in the us in the first half of 2014 to just shy of 121 million units. In less than half a lifetime we went from mind. Vinyl revenue grew by 12 8 in the second half of 2018 and 12 9 in the first six months of 2019 while the revenue from cds barely budged.

The vinyl revival is the renewed interest and increased sales of vinyl records or gramophone records that has been taking place in the western world since about 2007. Vinyl sales have been surging in the last few years as cd sales stay flat and digital downloads decrease in the united kingdom data from 2016 reveals that vinyl lp sales revenue surpassed that of digital downloads. Music industry watchers know that vinyl records have been enjoying a resurgence since their near death in the mid 2000s and the market continues to grow. Music on vinyl is a vinyl only record label that releases high quality 180g lp and 7 vinyl pressings of titles licensed from a wide range of record companies and artists who control their own repertoire.

The analogue format made of polyvinyl chloride had been the main vehicle for the commercial distribution of pop music from the 1950s until the 1980s and 1990s when they were largely replaced by the compact disc cd. In my day new musicians would sell mixtapes at swap meets or local clubs. If these trends hold records will soon be generating. But the slice of the pie is still a very small one with broader music industry revenues projected to be approximately 15 billion this year vinyl will account for only 6.

But vinyl sales are actually much larger. From vinyl to tidal the tune has completely changed in the last few decades. The music industry has changed quite a bit over the last couple of decades all thanks to new technology. And in the united states lp sales are on par with the sales of cds.

Marina eckersley university of toronto.