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Showing posts with label sales. Show all posts
Showing posts with label sales. Show all posts

Monday, June 10

NY Times on Vinyl's Resurgence and Growing-pains?

Weaned on CDs, They’re Reaching for Vinyl

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Vinyl is growing out of its niche.
Andrea Mohin/The New York Times
Thomas Bernich, who founded Brooklyn Phono in 2000, at his factory, which he says now produces around 440,000 LPs a year.
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There were always record collectors who disdained the compact disc, arguing that an LP’s grooves yielded warmth and depth that the CD’s digital code could not match.
But the market largely ignored them. Record labels shuttered their LP pressing plants, except for a few that pressed mostly dance music, since vinyl remained the medium of choice for D. J.s.
As it turned out, that early resistance was not futile, thanks largely to an audience of record collectors, many born after CDs were introduced in the 1980s.
These days, every major label and many smaller ones are releasing vinyl, and most major new releases have a vinyl version, leading to a spate of new pressing plants.
When the French electronica duo Daft Punk released “Random Access Memories” in mid-May, 6 percent of its first-week sales — 19,000 out of 339,000 — were on vinyl, according to Nielsen SoundScan, which measures music sales.

Thursday, June 11

How fans spend their money

We love the fans that actually pay for their music. But how do they decide what to buy? According to this Billboard article by Glenn Peoples, the Association of Independent Music Stores (AIMS) conducted an online survey of 1,067 AIMS store consumers to find out. Here are some of the interesting results:

4/5 buy from a friends referral
80% buy after a live show
39% heard it on the radio
16% saw it in a newspaper
15% trusted the TV

Where do they buy digital music?

85% on iTunes
23% on Amazon MP3
14% on eMusic

Where do they find referrals online?

78% Pitchfork
44% Rollingstone.com
39% Stereogum
28% Brooklyn Vegan
23% My Old Kentucky Blog
14% Largehearted Boy

Sunday, May 11

Long Live Vinyl



Amid the almost daily reports of some venerable music institution falling on harder times, an honest startup with a good idea packing it in, and even a recent Next Big Thing choking on its own overcooked and anemic espresso hubris, there are signs of hope if you choose to look for them.

People are still consuming vast amounts of music and some are even choosing to pay for it with legal tender. Digital music revenue in the US jumped 43% from 2006 to 2007—though not nearly enough to offset diving CD sales.

Much cooler, US ELPEE vinyl sales jumped from 900,000 pieces in 2006 to 1.3 million records in 2007. That's $22.9 million in 2007, up from $15.7 million in 2006. We even recently got a notice from our pressing plant that they aren't taking on any new customers for the foreseeable future and have a record backlog (pun intended) of 500,000 pieces to manufacture! (So of course we piled two new titles onto their heap just this week.)

Clearly tons of people out there still want music, and happily a chunk of them love the look, feel, sound, heft, and smell of vinyl albums. Makes us want to come to work in the morning!

US sales stats courtesy of  The Recording Industry Association of America.