Tokyo, JP | Symphonic Distribution Partners with Qrates to Expand Vinyl Services to Full Roster of Independent Artists and Labels: Qrates, the world’s premier destination for fast, hassle-free creation, financing, distribution, discovery, and sales of vinyl records, has partnered with Symphonic Distribution, the latest leading music distributor to provide its independent artist and label clients with discounted access to Qrates’ end-to-end services, from crowdfunding through to fan fulfillment. This deal gives all of Symphonic’s clients access to vinyl creation and sales, giving them the ability to capitalize on one of the most lucrative and fastest-growing formats in the music industry today. …Because Qrates has direct relationships with pressing plants, it is able to turn around orders more quickly than other companies, with priority given to independent artists and labels. And with free warehousing in North America and the U.K., artists and labels can choose whether to have Qrates handle order processing, storage, customer support, and distribution for them.
Adelaide, AU | Clarity Records is expanding into the shop next door: Cult Hindmarsh Square record store Clarity Records is expanding into an empty bricks-and-mortar space next door, and plans on also throwing (sometimes boozy) gigs on weekends. Clarity Records is much more than just a record store. After opening on Pulteney Street in 2010 as a specialist music shop – slinging vinyl, CDs and other music merch to die-hard punk and hardcore fans – it morphed in 2015 when the business launched annual music festival A Day of Clarity. Clarity co-owners Matt (also known as Footy) and Laura Hovarth are deeply embedded within Adelaide’s underground music scene. They both run the festival, record shop and all its affiliated appendages, such as the self-titled record label that manages bands such as Hydromedusa. Unsurprisingly, in 2021, the business needed space to grow. That’s why last year Matt and Laura decided to lease the vacant 100sqm retail space next door to sell more records – now from artists spanning other musical genres such as jazz, soul and funk – and offer a space for permanent live music.
Has the pandemic created a brief blip or permanent shift in traditional media consumption? There are plenty of articles, whitepapers and reports out there that have been tracking the changes in media consumption over the past year and, perhaps inevitably, an acceleration further into certain digital channels is quite apparent. But for a while now, having read and heard various things, I’ve been musing over whether this tells the whole story. A frequently recurring theme that has been present over the past year has been one of nostalgia, and it got me wondering whether this has begun a trend toward an occasional hankering for some traditional media, or is it merely a fad; a symptom of these extraordinary times. …The British Phonographic Industry (BPI) reported in December that sales of vinyl records in the UK had reached their highest since the early 1990s. Now, this was following a trend in growth for the 13th consecutive year, but given the frequency and depth of lockdowns during this period and people’s focus on their finances in other areas, this is some achievement.
Warner Music Is Worth a Spin: Record label’s stock has lagged behind even as consumers are paying up for music. The nice thing about being Warner Music these days is that the company still does well even when listeners go old school. Streaming is now the main driver of the music business, accounting for about 83% of the industry’s $12.2 billion in U.S. revenue last year, according to data from the Recording Industry Association of America, or RIAA. But the industry is also seeing a strong uptick in sales of vinyl albums, which generated nearly $620 million in U.S. sales last year—up 29% from the previous year. That is the highest sales figure for the vinyl format in inflation-adjusted dollars since 1988. …But as Tim Nollen of Macquarie put it, Warner is “having it both ways” of late. Vinyl demand powered a 155% surge in physical music sales to $130 million in the company’s fiscal third quarter ended June.