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Vinyl Is Poised to Outsell CDs For the First Time Since 1986

editor

hiraethified
Who would have thought it, eh?

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.
Although...
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.
Vinyl Is Poised to Outsell CDs For the First Time Since 1986
 

killer b

Minimum Waste / Maximum Joy
Interesting to see that while the revenue is more, the number of units is less than half - funny turnaround: when I first started collecting music, vinyl was way cheaper than CD.
 

editor

hiraethified
Interesting to see that while the revenue is more, the number of units is less than half - funny turnaround: when I first started collecting music, vinyl was way cheaper than CD.
Compared to old vinyl, the value of second hand CDs has plummeted too. You can pick up fairly recent big name CDs at Poundland for a quid!
 

killer b

Minimum Waste / Maximum Joy
Most old vinyl is worthless too tbf - only first pressings and rare stuff is actually worth coin.

I agree it's a golden age for second hand CDs though - I've recently started buying them again after getting a car with a CD player and we're more or less at the point now with CDs that we were in the early 90s with vinyl - everyone is jetisoning their collections to the charity shops as they replace with the latest format (in this case streaming for the most part), so it's really cheap to pick stuff up and there's a really wide range available. Most shops near me have them at 25p or 50p each...
 

chilango

Neither Westminster nor Brussels....
Wandered into HMV the other day.

There was more vinyl in there than I've seen since the mid 90s.

Much of it repressings of pre mid 90s stuff mind and £15-20 a pop.

Still. Flicking thru records is always nice.
 

killer b

Minimum Waste / Maximum Joy
most of the underground acts releasing stuff on wax keep the price low - usually 10-15, which is reasonable IMO, and allows me to justify carrying on buying new LPs. :cool:
 

killer b

Minimum Waste / Maximum Joy
I buy vinyl, new and old, every week. I think it's the expense, bulk and inconvenience that I find so attractive :rolleyes: :facepalm:
I've maintained a collection of music on vinyl for a quarter of a century, it doesn't seem possible to stop now (although it makes moving house a massive chore)
 

Fozzie Bear

Well-Known Member
I've pretty much stopped buying new vinyl this year and stuck to downloading things from Bandcamp and playing what I already have... still buy second hand stuff and it is indeed a good time for CDs especially.

My daughter thinks her friends paying 30 quid for fresh Soundgarden repress LPs is the most hilarious thing ever. She remembers being dragged around record shops as a nipper and me buying stuff for a quid because it looked bonkers...

I've seen conflicting reports on the environmental impact of downloading vs physical media but the days of me ordering boxes of seven inches from America are long gone (and not just because postage is insane now).
 

killer b

Minimum Waste / Maximum Joy
Oh you're right - next weds. He was off the boil last time I saw him 2 or 3 years ago, but I'm sure that was an aberation.
 

killer b

Minimum Waste / Maximum Joy
Im keeping an eye out for the ‘pay no more than £30.00’ hipster stickers
I'm not sure you can call an item they stock in Sainsburys hipster.

Sainsbury's actually have their own record label - There's an exclusive pressing of Superfly in glorious sainsburys orange vinyl, among other treats.
 

8ball

Hetero Sapiens
Compared to old vinyl, the value of second hand CDs has plummeted too. You can pick up fairly recent big name CDs at Poundland for a quid!
Those are the ones that people sell to Music Magpie (or whatever they're called), aren't they?
Ie. when people send their old CD's, that counts as a 'license', so if the old one is a bit knackered they can re-print and sell again so long as they ditch the old one.

(I may have this substantially wrong)
 

stavros

Well-Known Member
Wandered into HMV the other day.

There was more vinyl in there than I've seen since the mid 90s.

Much of it repressings of pre mid 90s stuff mind and £15-20 a pop.

Still. Flicking thru records is always nice.
My HMV has just had a redesign, giving a lot more space to vinyl. I haven't even bothered to look at it, because I know it's more expensive than the CD equivalent. Nonetheless, it doesn't seem to have cut into the CD stock, and they still get stuff you wouldn't expect in a small provincial city.
 

moody

Being alive increases risk of death.
Interesting to see that while the revenue is more, the number of units is less than half - funny turnaround: when I first started collecting music, vinyl was way cheaper than CD.
not now it's not!

f-me! you seen the prices for vinyl now?
 

editor

hiraethified
Yeah, all the time. That's how I know most records are worthless.
I guess it depends on your definition of 'worthless' but from my random browse I'll still get a better return on my old vinyl than the CDs that I 'upgraded' to.
 

killer b

Minimum Waste / Maximum Joy
To be fair, most records are worthless - it's just the ones that you, me and everyone else wants that go for proper money ;)
It's certainly true that every time I go through the stacks removing records I'm not bothered about with a view to selling them, the ones I'm not bothered about tend to only sell for a pound or two at most.

Funnily enough, finding out a record is worth money often makes me reevaluate it and it goes back in the stacks... :facepalm:
 

joustmaster

offcumdun
I think young people buy vinyl as more of a memento or art piece from a band they like.

A few years a go I hung out over a summer with a friend's band doing a tour and festival circuit. They had a big and young audience. Like 16 to 21.

They sold lots of vinyl, but none of the kids had anyway to play it.

Kind of like having proof you're a hardcore fan, I guess
 
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