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Post by Slinger on Sept 7, 2019 22:09:04 GMT
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Post by MartinT on Sept 10, 2019 22:16:02 GMT
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Post by Stratmangler on Sept 11, 2019 11:54:52 GMT
Vinyl at 8.6 million units is not going to outsell CD at 18.6 million units. The revenues may be greater, but the unit sales for CD are still considerably larger than vinyl.
My comments are referencing the thread title.
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Post by Barrington on Sept 12, 2019 9:53:12 GMT
Vinyl at 8.6 million units is not going to outsell CD at 18.6 million units. The revenues may be greater, but the unit sales for CD are still considerably larger than vinyl.
My comments are referencing the thread title.
Good point , Paul you're spinning us a yarn
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Post by Stratmangler on Sept 12, 2019 10:36:57 GMT
Good point , Paul you're spinning us a yarn More like putting up click-bait
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Deleted
Deleted Member
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Post by Deleted on Sept 12, 2019 11:03:39 GMT
So many pedants on this forum!
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Post by Stratmangler on Sept 12, 2019 11:18:30 GMT
So many pedants on this forum! Name some
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Post by Barrington on Sept 12, 2019 11:53:52 GMT
So many pedants on this forum! It ain't alone
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Post by Slinger on Mar 23, 2021 22:56:13 GMT
And now, it's happening in the UK it seems... UK vinyl spending on track to overtake CDs for first time since 1987 Sales surge as music fans indulge in classic LPs during coronavirus lockdownRecord labels are on track to make more money this year from the sale of vinyl records than the once-mighty CD for the first time since the 1980s, as pandemic music buying habits accelerate the revival of the classic LP. UK record labels enjoyed a 30% boost in income from the sale of vinyl records last year to £86.5m, the highest total since 1989, as fans unable to attend live music because of pandemic restrictions spent their spare cash on building up their record collections. The number of vinyl records sold, led by classics such as Fleetwood Mac’s Rumours alongside new releases from Harry Styles and Kylie Minogue, also hit a three-decade high of 4.8m last year. UK music industry body the BPI says vinyl income is now on track to overtake CDs for the first time since 1987, when Rick Astley, T’Pau and Pet Shop Boys topped the charts. The pandemic has not halted the inexorable decline of the compact disc. While the format was convenient, it was never a favourite with collectors and sales have continued to fall in the face of the streaming revolution, with record labels reporting an 18.5% slump in income last year to £115m. The number of CDs sold has plunged by almost a third to 16m in 2020. As recently as 2010 the format was worth £563m to UK record labels, while income from vinyl was just £3.5m. Music fans are choosing to indulge in albums, prized for their cover art and sleeve notes, as a physical alternative to listening to streaming, the BPI said. Buying shifted to online channels as lockdown restrictions shut record stores for months on end. “ Vinyl’s exceptional performance despite retail lockdowns confirms its role as a long-term complement to music streaming,” said Geoff Taylor, the chief executive of the BPI. “ 2021 is likely to be the year in which revenues from LPs overtake those from CDs for the first time in well over three decades – since 1987. In addition to the immediacy and convenience of streaming, fans want to get closer to the artists they love by owning a tangible creation.” While the battle of the traditional music formats plays out, it is streaming that continues to be top of the pops for consumers and fill the coffers of record labels. In January, the BPI revealed that the amount of music streamed last year rose by 22% to 139bn audio streams, up from 114bn in 2019. For UK record labels that translated to a 15.5% increase in streaming income to £736m last year, driven by a rise in the cut of revenue that labels receive from Spotify, Amazon Music and Apple Music. Income from all digital channels, including ad-supported streaming, royalties from music videos played on YouTube and the dwindling market for music downloads, hit £782m last year – almost four times the size of income from the physical market in the UK. “ With so much of the world in lockdown and live music shut down, in nearly every corner of the globe most fans enjoyed music via streaming,” said Frances Moore, the chief executive of international music body the IFPI. Overall, UK record labels enjoyed a 3.8% increase in total income to £1.1bn last year. However, the industry still believes that not everyone is paying their fair share. Google-owned YouTube, where tens of billions of music videos are viewed each year, paid just £43.8m in royalties to labels last year. This is about half the £86.5m labels made from a cut of the sale of 4.8m vinyl records. The best-selling vinyl titles in 20201 Fleetwood Mac – Rumours 2 Oasis – What’s The Story, Morning Glory? 3 Amy Winehouse – Back To Black 4 Harry Styles – Fine Line 5 Kylie Minogue – Disco 6 AC/DC – Power Up Source: Official Charts CompanySOURCE
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Post by julesd68 on Mar 16, 2023 14:10:39 GMT
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Post by mikeyb on Mar 16, 2023 15:13:06 GMT
Going to be even more next year with the 40% price rises predicted for vinyl.
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Post by MartinT on Mar 16, 2023 17:22:28 GMT
It seems less about music now than being a cool fashion accessory.
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Post by Tim on Mar 16, 2023 20:49:41 GMT
LP record sales actually did outsell CDs in the US last year, that's unit sales not revenue. For me there's only one formula that counts, number of actual units sold. Interesting that its happened though, even if it is a lot of collectors (allegedly).
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Post by Slinger on Mar 16, 2023 21:05:25 GMT
LP record sales actually did outsell CDs in the US last year, that's unit sales not revenue. For me there's only one formula that counts, number of actual units sold. Interesting that its happened though, even if it is a lot of collectors (allegedly). The number of units shifted has been the yardstick since forever ago in my book, but should we now make allowances for vinyl, by and large, being the more expensive medium? For instance, the new Revolver box set vinyl version is around £50.00 (or 55%) more expensive than the CD issue. Nice to see you, by the way, Tim
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Post by Tim on Mar 16, 2023 21:12:44 GMT
John Darko has a video about sales, the uber turntable drive belt selling for $10,000 each or the plain vanilla belt selling for $10.00 (or something like that). Vanilla sells hundreds and the uber belt sells one, but is 'the biggest seller' because of the cost. I don't think so. Thanks Slinger, my visits are rather random (and often ranty), maybe I'm mellowing
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Post by julesd68 on Mar 17, 2023 8:52:55 GMT
Going to be even more next year with the 40% price rises predicted for vinyl. I wonder how many punters will be squeezed out of the market? It was bad enough a few years back, especially with the more boutique record labels that offer audiophile analogue pressings etc
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