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For the second year running, vinyl recordings produced more revenue than CD sales. Of course, one reason is that vinyl is priced higher than digital.
But vinyl recordings sold 6 million more units than CD sales. 43 million vinyl recording sold last year.
We may be old, but we ain't dead. hahaha
https://www.theverge.com/2024/3/26/24112369/riaa-2023-music-revenue-streaming-vinyl-cds-physical-media
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"Life without music is a mistake" (Nietzsche)
Follow Ups:
I am a 76 year old audiophile. When I began collecting recordings it was open reel tapes, 8-track tapes or LPs. I went with LPs. From the 1960's until the present, I have bought LPs. I don't buy any of the super-expensive "audiophile" pressings available now. I buy from Jerry's Records in Pittsburgh, PA, a fabulous used record store everyone ought to visit at lest once, the Goodwill and other second-hand stores. I get LPs for anywhere from $0.25 to ca. $2.00 a pop, and I couldn't be happier. I now stream also, which is great, but I still like LPs.
One thing I love about LPs that hardly anybody ever mentions is the album cover photography and, more importantly, the informative reviews, historical information, album notes and, especially for a classical music and opera fan, a full Libretto with text and translations in a decent-sized font that I can actually read. The 2-point (I know I'm exaggerating) type of the reduced texts in CD Libretti are ridiculous. Often they don't even bother to remove the "Side" markings and list CD-relevant indices.
I have a nice turntable and enjoy my records every day.
I am delighted that some of the younger music lovers are listening on quality home audio gear and covet vinyl too.
I am 62 and indeed i don't know anyone under 50. But lately i've been selling guitar stuff, guitars, amps, pedals. So i get twentysomethings in my house occcasionally. They all stand in awe in front of my Lp racks. A young buyer of a guitar tried to play a solo by Eric Clapton on the Beano album! I swear!
"The torture never stops"Greetings Freek.
But that's just me.
I think vinyl will probably always outsell CDs because CDs are obsolete. People who want the best sound quality buy hi-res digital downloads, and people who just want to listen to music subscribe to digital streaming websites. Anyone who still buys CDs is just stuck in a repeating groove kind of like a stylus that keeps skipping backwards.
Happy listening!
me minus the same 40-50 bucks it always has.
Either I'm in a rut or stuck in some problematic time warp!
Yet I keep listening to and greatly enjoying the music from them.
HELP!
"Once this was all Black Plasma and Imagination" -Michael McClure
You might want to try one of the streaming websites. You'll spend a lot less money for a lot more music. Furthermore, the sound quality will be just as good and probably even better than CD.
Of course, if you're stuck in a rut, you probably won't want to explore streaming.
Happy listening!
stuck just has too many negative connotations.
*SATISFIED works too.
"Once this was all Black Plasma and Imagination" -Michael McClure
CDs are obsolete? Not in my universe. Depends on your gear and mine is plenty good and CDs sound wonderful. Best of all they are cheap.
Let see here, I can buy five used CDs for $20 or a used LP that may have so much surface noise it is unlistenable. I have done both and I am back into CDs with both feet.
Streaming is probably even less expensive than buying used CDs, and you can have new music as well as old music from streaming websites.
On the other hand, if you're truly concerned with sound quality rather than cost, hi-res digital will provide the best sound. In my opinion, DSD256 can sound even better than vinyl.
Happy listening!
...media was:
Records = 4 for $1.00
Tapes = 10 for $1.00
CDs = 20!!! for $1.00
Later Gator,
Dave
. . . blu-ray discs, on account of their visual component (especially opera and ballet, but concert performances too can often be interesting). Blu-rays are also one of the few ways to get lossless Dolby Atmos right now (as opposed to the lossy Dolby Atmos streaming available on Apple Music, which is nevertheless extremely satisfying - at least to me).
Not surprised but the vinyl resurgence is a bubble and we're not likely to see increased sales for long, especially as we aging boomers get rid of our vinyl systems when we move into smaller residences. It'd be great if the younger generations took up vinyl playback as an alternate to streaming but I just don't see that happening. The boomer generation grew up with the vinyl culture, most families had at least one record player, but that's not the case today.
Nope. Boomers are not driving the sales and increases in vinyl sales. It is the younger generations. Long after the boomers are gone people will still be buying vinyl. That is who is buying it now.In the link I proved elsewhere in this thread I believe the 55+ demographic were buying a mere 21%. The 13-44 demographic are buying 60%.
I suppose it could just be a trend but I think not. It's a trend that has been going on for a long time. Of course what would I know I'm not in the business? And neither is anyone else commenting in this thread. The numbers clearly show this is a trend that is here to stay.
Edits: 03/27/24 03/27/24
Well, the numbers in your linked article do show strong sales in the younger age brackets. That's surprising to me because, as others have mentioned, I don't hear much about younger people buying turntables and LPs. I must not interact with the demographics that are because I live in a fairly rural state and don't spend much time in urban environments any more.
Edits: 03/27/24
Yes the younger crowds are showing up. I have been a regular seller at a local show since 2001 and have noticed a huge upswing in younger buyers over the last few years.
The question remains... Will they just buy Pink Floyd, Zeppelin, AC/DC, Nirvana... Or will they get into the more obscure stuff like the older folks are buying up?
Edits: 03/28/24
I have a hunch that most of the posters on this thread are older, I am, 62 gulp! And beyond kids, grandkids they don't have much interaction with younger adults. Our friends tend to be the friends we have known for a long time and they are older as well. Rural America tends be growing older as well versus the urban centers which tends to be younger.
I have been single all my life and yes I certainly have older friends but most of my friends are under 40 a few under 30. I decided I didn't want to grow old and have no one around since they have all died! So I have consciously cultivated friendships with younger adults. It keeps one young I believe and gives one an interesting perspective on the world.
Go in to any record store in the city and you will find most of the people in the shop are younger adults. The old people bring the records in and the young ones take them out!
Very funny but so true. That is exactly what is happening at our only record store in Anchorage. Young folks buying records in the store are in the majority. At 78, I give the records I no longer want to the owner, as he is a good friend from the old garage sale days.
Record stores? How quaint!
;-)
I visit record stores around SoCal after my weekend-warrioring and they are always busy. Usually, I am looking for used classical (the only bargain left in vinyl) and have those crates to myself. There was a one-off record fair in my town a few weeks ago and the place was a zoo. There were bands and a bar but, even so, you could hardly get at the records.
One statistic in the last set of RIAA sales figures stood out for me, that 50% of people buying records don't have a record player. Presumably buying LPs as band memorabilia? I think there is a bubble in audiophile re-issues that will pop as us boomers die-off and, perhaps, the youngsters will have moved on to something new by then too.
that's in most everything filmed these days.
That could be a LONG while though.
I'm always impressed when the record label is actually
correct to the song playing*, even if the track isn't.
*seldom happens.
"Once this was all Black Plasma and Imagination" -Michael McClure
We have a lot of them here in KC. 20+ easily. Most are pretty small shops but a few are big, Any major city is going to have a lot of them as well.
Younger adults like the experience pretty much like we did. You can spend an afternoon flipping through the bins looking at the artwork, holding the record in your hand, reading the jacket, etc.
Sadly, much of the younger generation has moved to streaming. Throw that into the mix, and I think we won't find LP sales anything to brag about.
Edits: 03/26/24
I don't have a single friend under 40 that doesn't own a turntable audiophile or not. They LOVE vinyl.
Yes out in public they are running around streaming with their iPhone and earbuds. But at home? Spinning records.
The old geezer crowd has been claiming for decades the vinyl resurgence is just a blip. And oddly it just keeps growing. Just like they keep claiming high end audio is on the ropes. Yet it keeps growing as well. Interesting.
Men like Chad Kassem don't infest 10s of millions of dollar, build huge plants, for a blip for fashion. They do it because it is a solid, growing market segment and the future does indeed look bright.
"I don't have a single friend under 40 that doesn't own a turntable audiophile or not."
My daughter is 20. She doesn't own a turntable, nor do any of her many, many friends. While she recognizes that LPs are the gold standard for sonic quality, it's simply too low on her list of priorities. Also, when I've asked, most of her friends couldn't care less. They clearly feel this is "old person" stuff, and that the convenience of streaming singles outweighs all the other factors.
Just walked across the street to get some wine from my neighborhood specialty shop. I was wearing my QRP hoody. The 20 something owner is a huge record fanatic. And there were a couple of other 20 somethings in the store that wanted to talk to me about records. The wise old sage!
I get the same at the neighborhood coffee shop every time I wear my QRP hoody. A couple 20 somethings want to talk vinyl.
I do live in the urban core which is mostly a younger, hipster, affluent crowd but still.
The attached link shows the age demographics of record buyers. It clearly skews towards the younger generations. Boomers are not driving the growth how could they their numbers are decreasing daily. This is why vinyl sales continue to grow and will do so for the foreseeable future. Younger people love records.
The younger generation cracks my up on this subject. No I'm not 'in' to vinyl. I have 5,000+ records because when I was their age that was all we had. And now I pretty much don't care. I will always have a turntable but it's rarely used I prefer streaming. The CD player, collection disappeared a long time ago.
As I previously stated this is why men like Chad Kassem, etc. have invested millions in record production. They know their business their consumer. And it isn't the boomers.
That is certainly another legitimate perspective. But she is still quite young. That may change over time. And girls are a little different they aren't into the toys quite like boys. Never have been. I'm guessing she probably doesn't care about cars, etc. quite like the boys. Of course that is changing as well that generation of boys or girls don't quite glorify cars like we did.
Tay-Tay released her last album on vinyl about 500K as I recall. I doubt there were many boys buying that record!
Yes vinyl is a 'blip' if you will all physical media is declining in sales. But vinyl continues to grow. It's the CD that is basically dead. I don't know anyone under 40 that owns any of those.
So has much of the older generation! ;-)
This whole discussion is ridiculous! Who cares? We've been hearing rumors of vinyl's demise for years...- and it's still around. I'll be dead by the time vinyl disappears. I suspect so will many of you. And I highly doubt the after-life (if there is one) is consumed by discussions about which format is superior. In 50 years you might be able to just THINK of a song and it starts playing! (Like Trump with the documents). And those who thought streaming was the cat's meow will be ridiculed as hopelessly old-fashioned! Do what makes you happy and don't worry about others. You believe streaming is a better format? Terrific- stream to your heart's content! Playing vinyl has sustained me for the latter part of my life. It's provided immense pleasure. It's still providing pleasure!
Edits: 03/27/24 03/27/24 03/27/24 03/27/24
Maybe the afterlife will be like it's depicted in Liszt's Symphonic Poem, "Battle of the Huns", where the Roman (Christian) army and the army of the Huns both kill each other off and then they continue their battle in the afterlife before the Christians finally win! ;-)
(the cover of the vinyl incarnation of this recording - just for you!)
So who are the vinylphiles and who are the streamers in that battle? Love the cover, btw.
The technology of the ultimate winner may not even have been invented yet - just as you suggest. ;-)
As for the album cover, yes, I've always preferred that British Decca one (in the previous post) to the American London one (below), where, I believe, they chose to focus on Mazeppa!
%3Aformat(jpeg)%3Amode_rgb()%3Aquality(90)%2Fdiscogs-images%2FR-7858841-1450307978-1634.jpeg.jpg&f=1&nofb=1&ipt=6b3aecdafa3aa7f7fd79e451df60b77b5900e361770931bf70d37e005696d53a&ipo=images)
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