Record Companies’ U.S. Revenue Up 8.1% in First Half of 2016, A huge jump in music streaming fuels strongest growth in the industry since the CD boom of the late 1990s: The streaming boom easily offset steep, continuing declines in sales of CDs and digital downloads. Revenue from CD sales fell more than 16%, while revenue from digital singles dropped nearly 22%. Vinyl sales fell 6.3% to $207 million on 8.4 million records, though in dollar terms that represented a sizable chunk—about one-third—of the total $632 million in physical music sales.
All Things Must Pass: New Vinyl Sales Sinking: The rebirth or rejuvenation of the vinyl disc has been a blessing for main street music stores, so if the latest figures hold true the push behind Record Store Day is in trouble, and the pay-day for owner-operated music shops is even more so. Which isn’t to say that the format is dead. US-based Discogs reports a whopping 23% increase in vinyl album sales in the first six months of 2016; however, the online retailer doesn’t break down how many of the records purchased are used–which is a big ticket for the Internet store that facilitates transactions between collectors and sellers.
Tunbridge Wells set for only exclusive vinyl shop in west Kent: A Tunbridge Wells music shop is looking to hit the right note and revolutionise the way we buy music. Vinyl Revolution is the brainchild of Simon Parker and Rachel Lowe who will imminently launch their new business pop up record store on Camden Road. The innovative duo spotted a gap in the market for an independent music store which is accessible for all music-lovers. Co-owner, musician and vinyl collector Simon Parker originally had the idea for the online shop and store while working in Oxford and wanted an unpretentious way of selling vinyl to the masses.
Keep on spinning: Caring for your vinyl collection: With the resurgence of vinyl in recent years, record sales are on the rise as music lovers across the world eagerly build their collections. As record lovers embrace vinyl, they also know that it takes more than keeping your record in its sleeve to ensure your growing collection stays in mint condition. Read on as we explore how you can keep your vinyl spinning for years to come.
