Velvet Night Posted October 14 Posted October 14 Pure greed driving the costs out of impulse buy range. We've seen this movie before. 1
Pulse Posted October 14 Posted October 14 Over the past couple of years, I bought quite a few vinyl records, but this year, Tinashe's 'BB/ANG3L' was the only one I picked up. With rising costs (especially with shipping and import fees), spending over 50€ per record is hard to justify. I've had to be more selective, and I'd rather support artists where my contribution truly counts. 1 hour ago, Solaria said: Time for a CD revival. If western artists would start designing theirs like K-Pop artists do it could be the next big thing I came close to buying KATSEYE's EP just because of how detailed and stunning the design is! 1
Paddy Posted October 14 Posted October 14 3 hours ago, Saintlor said: This sharp decline comes as a surprise really? after astronomically increasing prices? people now think twice before buying something or only buying their faves and not 10 different variants. 2LP used to cost me €20 euro, now some 2LPs are €50, single LPs are €30 sometimes €40 and some editions even more for 1LP! Prices are insane. If they were making profit of 2LP at €20 back then, then asking for €40+ is pure greed! They are digging their own hole and are surprised... 1
FlyOnTheWall Posted October 14 Posted October 14 It's simply gotten too expensive. Some LPs scratching the 50$ mark is insane, no matter how many individual vinyls it entails
Little Dark Age Posted October 14 Posted October 14 are we literally stupid? weighting was not applied to the chart for the first four months of the year
MatiRod Posted October 14 Posted October 14 I think what's happening is that vinyl was a bit of a fad instead of a legit music consumption form for a lot of listeners, so many people who never actually play those vinyls own them as a fan collectible. But eventually the fad starts to wear off, the habit of buying vinyl starts to disappear and people just choose to listen via streaming. This is bad news though. A lot of acts only break even thanks to vinyl sales. 2
MonsterJohn Posted October 14 Posted October 14 ******* 40 euros for a LP, and I only use it for the cover, no thanks
boychik0830 Posted October 14 Posted October 14 The main reason is they want to charge $40 before Shipping for a 1 lp album which is ridiculous. If they would change no more than $30 with shipping for a 1 lp album then I'd buy them more often.
masochizm Posted October 14 Posted October 14 cost of living crisis on top of rising vinyl prices… are we surprised? even i don't buy vinyl as often
Gossip_Boy Posted October 14 Posted October 14 The industry responded to increased demand with increased greed and the result was reduced demand. Who would've thought. 4
gplcarlos Posted October 15 Posted October 15 In Brazil, a new rule taxed international purchases over US$50 (including shipping) by 60% of the total value. This was a pressure from greedy big stores on the government to stop consumers from buying from Shopee, Shein, AliExpress, etc. The problem is that with this poorly implemented rule, with the exception of books (I'm not sure if it applies to all books), cultural products that shouldn't be taxed were also taxed, and as a result, it became simply absurd to buy a new vinyl/CD release in the country. Even when record companies like Universal Music officially sell vinyl in Brazil, the price remains absurd. It's a self-reinforcing cycle: vinyl is expensive, so people don't buy it and continue to stream it. If it doesn't sell as much, it's not worth manufacturing it here. So when it becomes available, it's imported and the price remains high. 1
Just a Gay on ATRL Posted October 15 Posted October 15 I am always curious how many people who buy vinyl records actually own vinyl record players lol
Black Sunflower Posted October 15 Posted October 15 I think this is just in proportion to how many are being released now. Everybody and their mother releases vinyl now. Old albums in droves, special editions in droves. I think the market simply isn't big enough for cds or vinyl so they were bound to show a decline eventually. I don't think it means their popularity is down.
bestfiction Posted October 15 Posted October 15 The unreasonable amount of variants and preying on people's FOMO are to blame. At this point, what justifies spending $40 on a "limited edition" that will be restocked or repressed in six months? The quality control is not always the best either 1
willmcclure9 Posted October 15 Posted October 15 Its cus of the price, in Australia its around $70-100aud for a new album on vinyl.... its literally insane. It should be $50 MAX.
NI-CK Posted October 15 Posted October 15 not surprised, I actually waited for this to happen. single vinyls have become so expensive, often at least 40€ for one, too many "exclusive variants" spread over a large number of different distributors, and the big labels started to treat vinyl as a tool to boost first week sales instead of creating a worthy product for fans. I got so tired of labels' forced agenda to buy vinyl right away and profit from FOMO that I started hand picking my vinyl purchases and rather buy from independent artists first and wait for discounts.
Acuminatus Posted October 16 Posted October 16 (edited) Luminate Clarifies Vinyl Sales Have Not Dropped in 2024 https://consequence.net/2024/10/vinyl-sales-dropped-2024/ Quote Update: A representative from Luminate, the data company that supplies information for Billboard's music consumption report, clarified that due to a recent change in the methodology for counting vinyl sales from independent retailers, it's inaccurate to compare 2024 vinyl sales to previous years. In fact, Luminate reports that U.S. vinyl sales have increased by 6.2% when comparing both 2023 and 2024 activity through Q3, exclusive of independent retail data from both years. https://www.billboard.com/music/chart-beat/luminate-changes-record-store-sales-count-method-billboard-charts-1235664630/ Luminate will collect independent physical music sales from StreetPulse, a music industry data provider that receives daily sales metrics directly from retailers. The data, which encompasses sales of CDs, vinyl and cassettes, will be incorporated into the physical sales data Luminate already collects directly from other stores. Edited October 16 by Acuminatus
BlahBlahBlah Posted October 16 Posted October 16 As someone who has been collecting for a long time the absurdity of pricing is just a huge turn off, plus it's suddenly become more of an aesthetic thing and a "merch" item for people who might not even play them, or if they do it's on a plastic-grinding suitcase player. The craze has even driven up prices on used vinyls that I know for a fact were going for half of the value shops ask for them now less than 5-6 years ago, hoping the trend dies down soon enough. I stay away from any newer artist releases nowadays unless I really want them. CDs are fun too but I can't stand that almost half of new releases are cardboard digipaks which look awful alongside jewel cases.
Gaia Posted October 16 Posted October 16 I think it's a combination of price and availability. When I go to Target or something half of the album section if just fully stocked Taylor Swift vinyls/albums It doesn't feel like some indie/cool format anymore. Not when in any store you can expect to see hundreds of Taylor Swift vinyls shoved in your face everywhere throughout any store If these stores only stock Taylor Swift and the prices are absurd like no **** sales will plummet. She has a huge fanbase and popularity but she's not the ONLY thing people want to buy. 1
PerfectContradiction Posted October 16 Posted October 16 I have always liked CDs because I believe physical/analogue media is important; and started getting into collecting modern vinyls when I inherited my Grandparents' records and record player. But since the price is just so ridiculous €30-40 for a single LP now, and certain greedy artists releasing tens of simple colour variants... I'm just going to buy one vinyl variant for the artists I reeally care about supporting, mostly smaller indie artists where music sales matter a lot more! So yeah, those are my thoughts 😅
Black Sunflower Posted October 16 Posted October 16 On 10/15/2024 at 4:28 AM, Pulse said: Over the past couple of years, I bought quite a few vinyl records, but this year, Tinashe's 'BB/ANG3L' was the only one I picked up. With rising costs (especially with shipping and import fees), spending over 50€ per record is hard to justify. I've had to be more selective, and I'd rather support artists where my contribution truly counts. I came close to buying KATSEYE's EP just because of how detailed and stunning the design is! Yes & Tinashe definitely needs that purchase thank you lol
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