The web seemingly went right into a tailspin yesterday over vinyl gross sales dropping a surprising 33% between 2023 and 2024. The stats had been initially reported by Billboard through the information firm Luminate, and induced headlines like “Vinyl gross sales drop 33⅓ as greed threatens to spoil the revival” and “Vinyl Gross sales Have Plummeted 33% Yr Over Yr — What’s Going On?” Besides vinyl gross sales did not really drop 33%.
In response to an replace from Consequence, Luminate merely chnged the methodology by which they rely vinyl gross sales from unbiased retailers. Luminate additional notes that vinyl gross sales within the U.S. elevated by 6.2% when evaluating 2023 and 2024 by means of Q3 12 months over 12 months.
So there you go – vinyl continues its unimaginable climb. Whether or not or not these vinyl consumers really personal a turntable is one other story (actually), however so long as everybody’s glad and supporting the artists, that is all that issues.
Sadly, vinyl was the one actual winner when it got here to year-over-year comparisons. CD gross sales dropped a whopping 19.5% from 26.8 million gross sales in 2023 to 21.6 million gross sales in 2024. Digital gross sales additionally dipped 8.3% from 14.4 million gross sales to 13.2 million. Streaming is doing simply tremendous, because it the medium rose 6.9% between 2023 and 2024. Audio On Demand streams rose from 976.4 billion in 2023 to a tidy 1 trillion in 2024.
Anyway, I am personally backing the “Deliver Again CDs” motion. The motion at the moment consists of me typing out that earlier sentence. Take part me in my dated revolution.
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