Rhythmic.fm
Home » Blog » INDUSTRY NEWS » Despite Streaming Revolution, Vinyl Resurgence Continues To Grow
INDUSTRY NEWS

Despite Streaming Revolution, Vinyl Resurgence Continues To Grow

The vinyl resurgence is showing continued growth, with vinyl album sales growing from 3.23 million to 4.1 million units from 2016 to 2017 according to the British Phonographic Industry (BPI).

No attribution required.

In the face of the industry-revolutionizing rise of streaming, the rebirth of vinyl was an initial surprise. Speaking to Music Week, Karen Emanuel (CEO of Key Production, manufacturer of CD, DVD, and vinyl) noted “I thought we would see a plateau in vinyl before now and we haven’t. For us, the format is still growing.”

The reemergence of vinyl shows no sign of abating any time soon. Label manager at Proper Music Distribution Vangel Vlaski notes:

“Vinyl is changing hands considerably more than any metrics can really show. We might not be witnessing the continuous exponential growth that provides great news headlines, but we are looking at format longevity as an increasing number of people are looking to start, or rebuild their collections. In my view, that’s a healthier situation to be in, as it ensures that the vinyl ‘revival’ is much more than just a fad.”

Vinyl’s continued health highlights that, for all the dominance of digital formats, there is still a sizable core of music consumers who like to own their music. Moreover, data from Kantar’s Worldpanel survey shows that the proportion of music consumers who both buy physical music and use music streaming services has increased in 2017.

Related posts

iHeartMedia Announces Lineup For 2019 iHeartRadio KIIS FM’s Wango Tango Village Presented By California Earthquake Authority

admin

Meek Mill Uses Celebrity Influence to Advocate for a Better Justice System

admin

‘RAMPAGE’ SMASHES ITS WAY INTO THEATERS TODAY!

Kevin Ross

Miami Heat and 790 The Ticket Renew Partnership

Hassahn Liggins

Envision Networks National Defense Radio Promoted To 2-Hours

admin

SiriusXM Canada Talks Presents Dave’s Corner Garage – A New Vision For Leasing With Winter Tires.

admin

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.