WAX & FACTS - vinyl to outsell cd this year

Discussion in 'Music to Your Ears' started by magicfingers99, Sep 13, 2019.

  1. magicfingers99

    magicfingers99 Friend of Leo's

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    This just in:

    The RIAA’s 2019 mid-year report was released on Thursday and first reported by Digital Music News. It revealed that vinyl record sales were responsible for generating $224.1 million in sales on 8.6 million units. That’s compared to $247.9 million on 18.6 million CD sales.

    Vinyl revenue grew by 12.8% in the second half of 2018 and 12.9% in the first half of 2019.
    Meanwhile, revenues from CD sales have barely moved from their 2018 numbers. In total, CDs accounted for roughly 5% of U.S.-based totals, despite some signs of a flattening out. But the math looks pretty simple here. Pretty soon, vinyl record sales will surpass revenue from CDs.

    ironically the quote from above is courtesy of Digital Music News (lps are analog)

    https://www.digitalmusicnews.com/2019/09/08/vinyl-overtake-cd-sales/

    now is the time to invest in Turntable accesories stocks,
     
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  2. rangercaster

    rangercaster Poster Extraordinaire

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    The CD is a dying medium, while vinyl is having a resurrection ... It is what it is ...
     
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  3. L.A. Mike

    L.A. Mike Tele-Afflicted

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    The current vinyl boom is just an upper middle class/rich people trend/hobby. It will fade as it has done numerous times in the past.
    People no longer want their music on discs of any sort, they want it on their social media digital nipple that they nurse on all day.
    And they want music to be free.
    So, good luck to all the people who think this is a way to make money.
     
  4. steve v

    steve v Tele-Holic

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    As someone who has collected records since I was a kid, I do hope the vinyl trend comes to an end at some point and those people sell their records so I can start buying them again at reasonable prices
     
  5. magicfingers99

    magicfingers99 Friend of Leo's

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    it might be a fad, but its a profitable one
    "vinyl record sales were responsible for generating $224.1 million in sales"

    after the 1st strong solar flare takes out the grid, it will be back to crank up turntables, but the vinyl will still play, can't do that with cd or streaming, they are artifiacts of the electric grid, without it they fail to exist in any useful fashion.

    people tend to take the path of least resistance, they are creatures of habit, whatever their friends do, they do. apparently they have some good sheperds herding the flock towards the fields of vinyl.
     
  6. Chunkocaster

    Chunkocaster Poster Extraordinaire

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    I think a good percentage of people over 45 miss the quality of sound vinyl and a decent hifi provides. Combined with the hipsters they are driving the prices up.
    I buy cd's for the car and vinyl for home. I really don't like plastic micro stereo systems and have never downloaded a song or album. I like to feel the floor move when I listen to my favorite records.
     
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  7. Dacious

    Dacious Poster Extraordinaire

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    The reason records are being re-released for original works or new versions created is because digital media and specifically downloads, streaming and sharing have made revenue for artists and music retailers has dropped.

    You will find the conditions of usage on albums limited to the original purchaser for personal use only, with unique tracks not available even for DJs and promotions or MTV etc. If it's found anyone has broadcast or reproduced in any digital form the analogue recording the companies will come after them.

    Hence high-value recordings from high net value artists increasingly will come on vinyl.
     
  8. Fearnot

    Fearnot Friend of Leo's

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    CDs: 18.6 million units
    Vinyl: 8.6 million units

    I don't consider that 'outselling.'

    And you still can't play LPs in the car.
     
  9. Fearnot

    Fearnot Friend of Leo's

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    This, in a nutshell.
     
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  10. ReverendRevolver

    ReverendRevolver Tele-Holic

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    I'm currently sitting on the floor of my grandparents house while my grandmother goes through all my grandfathers vinyl before we take it to my moms and begin sorting. Really common stuff in played condition doesn't fetch much when the new pressing is like $8.....
     
  11. schmee

    schmee Poster Extraordinaire

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    I'm guessing It doesn't mean much, what it really points out is downloads sell the most. former CD people download now, resulting in vinyl looking better in the sales category.
    I have a high end turntable and many records which haven't seen the light of day in decades and never will. I don't miss that medium at all.
     
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  12. notmyusualuserid

    notmyusualuserid Friend of Leo's

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    You can burn CDs and mp3 from vinyl...
     
  13. radiocaster

    radiocaster Poster Extraordinaire

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    More popular bands put out vinyl, less popular bands only have CDs.
     
  14. FenderLover

    FenderLover Friend of Leo's

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    I never like the consumable nature of dragging a rock through plastic, or RIAA equalization, or snaps, crackles, and pops, or limited bandwidth. I'll keep my vinyl anyway, though I much prefer 5.1 SACD through my tube system.
     
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  15. raito

    raito Poster Extraordinaire Silver Supporter

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    The content creators only allow vinyl because it degrades over time. They're rejoicing that they were able to wrest control of all the content back via streaming. I imagine that at some point, CDs gave them hives. There's no follow-on revenue there, and no control once the CD is out in the wild.
     
  16. magicfingers99

    magicfingers99 Friend of Leo's

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    but, and here's the kicker, price per unit (I love calling music, units) is higher for vinyl. looks like its something like 2.1 price ratio, meaning vinyl is more than twice as expensive as a cd, and it will wear out!!!! and need to be replaced...

    btw I play my Les Paul all the time in my car, I find it less distracting while waiting at traffic lights than checkin out the Kardashian tweets.
    so yes you can play your lp in the car..
     
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  17. magicfingers99

    magicfingers99 Friend of Leo's

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    since when????
     
  18. notmyusualuserid

    notmyusualuserid Friend of Leo's

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  19. magicfingers99

    magicfingers99 Friend of Leo's

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  20. Dacious

    Dacious Poster Extraordinaire

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    Yes you can - but because these recordings are unique to vinyl if you share or stream them it's more likely you can be busted, and you can't argue that they're not bootlegged, unlike shuffles people make today, some legit, some not.

    Copyright on these restricts a change of media.
     
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