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Vinyl sales increase by 6.2% in 2024


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Posted

Good. Vinyl collectors like me were waiting for this. We got so many previously unreleased (on vinyl) stuff in the last 4 years. 

 

I guess the pandemic people just ran out of gas (and money) and moved on. 

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Posted

That's because TTPD: The Anthology wasn't released before, November 28 let's get that 33% back!

  • Like 1
Posted

As someone who doesn't use streaming, I keep buying CDs (of albums I really like) to have a physical item to touch, have a look at the booklet AND to import the HQ audio files to my library.

 

I have a question for those who buy vinyls: Why do you buy them? Because I genuinely do not understand such purchase. I know they're pretty... but the audio quality isn't the best and you cannot transfer them to a digital library.

 

Like, I could understand maybe one or two to be used as a decoration for your house but no more than that.

 

Still, I'm curious so please let me know your thoughts!

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Posted
45 minutes ago, ZENO said:

As someone who doesn't use streaming, I keep buying CDs (of albums I really like) to have a physical item to touch, have a look at the booklet AND to import the HQ audio files to my library.

If you only buy CDs of albums you really like (but don't use streaming), how do you decide what to buy? :chick1:

Posted
3 minutes ago, Pulse said:

If you only buy CDs of albums you really like (but don't use streaming), how do you decide what to buy? :chick1:

I normally use YouTube to check if I might like something or not, then either get a digital copy or a CD

Posted

I switched to collecting CD's earlier this year because of the price difference. Vinyl just got too expensive 

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Posted

yeah the price gouging has become ridiculous to the point where i'm buying maybe 5 vinyl a year compared to like 15-25 a few years back

Posted
Quote

On October 15, Discogs contacted Chris Muratore, director of partnerships at Luminate, who confirmed that the reported data is incorrect. Vinyl sales are actually up 6.2 percent. Billboard has since added language to their "Market Watch" report, clearing up the error. 

Quote

In Luminate's mid-year report, the company stated: "While the new modeled methodology more accurately represents the independent retail market, we do not have comparable historical data to provide an accurate year-over-year trend. Therefore, independent retail physical sales are not included in our H1 2024 vs. H1 2023 U.S. physical sales reporting."

The "Market Watch" report has displayed incorrect year-over-year data since the methodology changed.

Taking this year-over-year methodology into account, Luminate now claims that vinyl sales are up 6.2 percent. This number does not include independent record stores from 2023 or 2024.

Quote

"By all available measures, the vinyl business is up in 2024," said Fields. "Whether you'd rather look at the RIAA mid-year report, which shows that vinyl shipments to retail accelerated faster than any other major music format to rise 17 percent, or you'd like to look at Luminate's measurement of the U.S. physical business, which shows that vinyl is up 6.2 percent, well, either one is an accurate and timely view of the business of vinyl."

https://www.discogs.com/digs/collecting/vinyl-sales-up-in-2024/

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Posted

Seems sus. Did vinyl shareholders pull a fast one? 

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Posted

Of course they are up when certain acts release one million variants of the same album. 

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Posted

But is Billboard counting those independent stores sales if owners are not reporting to Luminate?

 

:suburban:

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Posted

Lol

Posted
1 minute ago, Doctor Dick said:

Of course they are up when certain acts release one million variants of the same album. 

Didn't Gaga do it a few times too?

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Posted (edited)

Not it going from down 33% to up 6.2% 

 

Sure, Joanne.

Edited by UnusualBoy
Posted

giphy-downsized.gif?cid=549b592d5b64bcfe

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Posted
17 minutes ago, Doctor Dick said:

Of course they are up when certain acts release one million variants of the same album. 

Hey, let's not attack Billie and Sabrina. 

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Posted

Awkward mistake but I believe them. Vinyl sales being "down 33%" would've been a HUGE red flag considering every big artist has pushed vinyls this year.

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Posted
16 minutes ago, Vixen Eyes said:

Didn't Gaga do it a few times too?

Not to that extent yet. But many other acts do. 

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Posted

Someone must've made a call :thing:

Posted
20 minutes ago, Doctor Dick said:

Of course they are up when certain acts release one million variants of the same album. 

This exact argument was used in the other thread to explain why sales collapsed. So what is the truth now :priceless:

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Posted
3 minutes ago, Doctor Dick said:

Not to that extent yet. But many other acts do. 

I'm pretty sure Chromatica had more than 6 variants on vinyl alone which is more than most if not all the major artists this year. 

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Posted
25 minutes ago, Draper. said:

But is Billboard counting those independent stores sales if owners are not reporting to Luminate?

 

:suburban:

don't let Nicki see this

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Posted

i need the vinyl craze to end

  • Like 1
Posted

Time for everyone in that other thread to switch up their analysis 

  • Haha 4
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