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In the first six months of 2007, "Digital albums represent 46% of all album sales, CDs 53%, and vinyl 5%." - Total albums sold in the period: 74 million.
The point is that vinyl and downloads are trending in one direction and CDs in another. I'm sure that any budding record label is paying attention to those trend lines.
The point is that BOTH downloads and CDs are trending down, but each are 10 TIMES the size of the vinyl market. Companies will continue to invest most where the market is largest. Not that they won't continue to invest in vinyl as well - I'm sure they will. And vinyl tends to have a lot more profit associated with it on a per-unit basis, since sold usually for a premium.
Read the thread I linked to and you will have the fuller picture.
EDIT: My numbers above included a mistake originally, corrected below. So it's even starker: CD's account for 95% of all physical album sales - vinyl 5% (and that was with 20% growth in vinyl from the year before).
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"Digital albums represent 46% of all album sales, CDs 53%, and vinyl 5%."
Total of 104%. And they say music sales are down.
Actually, my mistake was different than it looks here - I missed that vinyl is NOT 5% of album sales - it's 5% of PHYSICAL album sales (meaning along with CDs). So here are the actual quotes from the report:
"Digital album sales accounted for 46.6% of all album sales in 2017 YTD, down from 53.0% over 2016 YTD.
"Physical album sales accounted for 53.4% of all album sales in 2017 YTD, up from 46.9% over 2016 YTD.
"Vinyl albums accounted for 4.9% of all physical album sales, up from 3.5% in 2016 YTD."
So vinyl accounts for less than 3% of total album sales (digital plus physical).
Thanks for catching that!
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I don't know if there's still interest for the Thelma and Louise score from notefornote. they are down to the last 300 copies priced at $9.99
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I'd give them a break if they had been in business a year, but this is the premiere of their website. A simply mistake like that should have been fixed before the website went online.
And it's not nit picky, either. If I wanted to nit pick, I'd point out something on their premiere release cover that isn't quite right.
Okay, what's not right? Curious.
......Don't get the hate ....
Look who posted!
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