09-08-2019, 09:59 PM
........streaming is still #1 but Vinyl will soon top sales of CDs...
Vinyl Is Poised to Outsell CDs For the First Time Since 1986
In the near future, the revenue generated by record sales is likely to surpass the revenue generated by CDs
......Sales of vinyl records have enjoyed constant growth in recent years. At the same time, CD sales are in a nosedive. Last year, the Recording Industry Association of America’s (RIAA) mid-year report suggested that CD sales were declining three times as fast as vinyl sales were growing. In February, the RIAA reported that vinyl sales accounted for more than a third of the revenue coming from physical releases.
This trend continues in RIAA’s 2019 mid-year report, which came out on Thursday. Vinyl records earned $224.1 million (on 8.6 million units) in the first half of 2019, closing in on the $247.9 million (on 18.6 million units) generated by CD sales. 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. If these trends hold, records will soon be generating more money than compact discs.
Despite vinyl’s growth, streaming still dominates the music industry — records accounted for just 4 percent of total revenues in the first half of 2019. In contrast, paid subscriptions to streaming services generated 62 percent of industry revenues.
“We welcome,” Tom Corson, now the co-chairman and CEO of Warner Records, told Rolling Stone in 2015. “It’s a sexy, cool product. It represents an investment in music that’s an emotional one. [But] it is a small percentage of our business. It’s not going to make or break our year. We devote the right amount of resources to it, but it’s not something where we have a department for it.”
Still, the vinyl resurgence has been a boon for some artists, especially classic rock groups. The Beatles sold over 300,000 records in 2018, while Pink Floyd, David Bowie, Fleetwood Mac, Led Zeppelin, Jimi Hendrix, and Queen all sold over 100,000.
vinyl.....winning.....?!
Streaming is number one, and streaming and CD are essentially the same thing, digital content. Vinyl is analog. Different stuff altogether. We'll see what's new, if anything in ten years and what's numero uno then.
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Home of Sacramento icon Russ Solomon up for sale https://www.kcra.com/article/home-of-sac...e/28946584
Amazon still do the "auto rip" feature, where they are the mp3 available to download immediately?
Streaming is number one, and streaming and CD are essentially the same thing, digital content. Vinyl is analog. Different stuff altogether. We'll see what's new, if anything in ten years and what's numero uno then.
==
Streaming is streaming. CDs are physical media. In that way, they are very different.
Vinyl Is Poised to Outsell CDs For the First Time Since 1986
In the near future, the revenue generated by record sales is likely to surpass the revenue generated by CDs
......Sales of vinyl records have enjoyed constant growth in recent years. At the same time, CD sales are in a nosedive. Last year, the Recording Industry Association of America’s (RIAA) mid-year report suggested that CD sales were declining three times as fast as vinyl sales were growing. In February, the RIAA reported that vinyl sales accounted for more than a third of the revenue coming from physical releases.
This trend continues in RIAA’s 2019 mid-year report, which came out on Thursday. Vinyl records earned $224.1 million (on 8.6 million units) in the first half of 2019, closing in on the $247.9 million (on 18.6 million units) generated by CD sales. 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. If these trends hold, records will soon be generating more money than compact discs.
Despite vinyl’s growth, streaming still dominates the music industry — records accounted for just 4 percent of total revenues in the first half of 2019. In contrast, paid subscriptions to streaming services generated 62 percent of industry revenues.
“We welcome
Still, the vinyl resurgence has been a boon for some artists, especially classic rock groups. The Beatles sold over 300,000 records in 2018, while Pink Floyd, David Bowie, Fleetwood Mac, Led Zeppelin, Jimi Hendrix, and Queen all sold over 100,000.
vinyl.....winning.....?!
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I reject your reality and substitute my own!
I reject your reality and substitute my own!
09-08-2019, 10:48 PM
Ten years from now, CDs will be the "new" hotness.
09-09-2019, 12:51 AM
Vinyl is dead. Long live Reel to Reel!
https://www.youtube.com/watch?v=CBQ9Q4Onmu8
https://www.youtube.com/watch?v=CBQ9Q4Onmu8
09-09-2019, 01:34 AM
When I ordered the Linda Ronstadt CD Live in Hollywood back in the spring, I was kind of surprised to discover that Amazon gave me an expected delivery date of at least a couple of months. They eventually got it to me in about a month. Perhaps they just didn't make that many copies, and I got lucky when other people canceled their orders?
09-09-2019, 01:40 AM
N-OS X-tasy! wrote:
Ten years from now, CDs will be the "new" hotness.
Streaming is number one, and streaming and CD are essentially the same thing, digital content. Vinyl is analog. Different stuff altogether. We'll see what's new, if anything in ten years and what's numero uno then.
==
09-09-2019, 02:55 AM
Home of Sacramento icon Russ Solomon up for sale https://www.kcra.com/article/home-of-sac...e/28946584
09-09-2019, 04:53 AM
GGD wrote:Probably better than you would expect. Cassette at least, are humming along.
How are 8-Track and Cassette sales doing?
freeradical wrote:
When I ordered the Linda Ronstadt CD Live in Hollywood back in the spring, I was kind of surprised to discover that Amazon gave me an expected delivery date of at least a couple of months. They eventually got it to me in about a month. Perhaps they just didn't make that many copies, and I got lucky when other people canceled their orders?
Amazon still do the "auto rip" feature, where they are the mp3 available to download immediately?
09-09-2019, 05:20 AM
Buzz wrote:
[quote=N-OS X-tasy!]
Ten years from now, CDs will be the "new" hotness.
Streaming is number one, and streaming and CD are essentially the same thing, digital content. Vinyl is analog. Different stuff altogether. We'll see what's new, if anything in ten years and what's numero uno then.
==
Streaming is streaming. CDs are physical media. In that way, they are very different.