New York Nooks

Covering NYC and the Arts

mp3s Give Vinyl a Boost

leave a comment »

News about the music industry is almost unfailingly grim, from plummeting profits to plunging sales figures. Between 2006 and 2007, overall sales revenue sank almost 20 percent.

Amid the bleak news of declines, however, some facets of the music industry’s sales are trending upward. Consumers purchased over 200 million more digital downloads in 2007 than the year before, while another medium’s sales are also climbing—vinyl records.

After ten consecutive years of declining sales figures, retailers sold over one million vinyl records in 2007, according to the Recording Industry Association of America, more than a 35 percent increase from the year before. While vinyl accounts for less than one percent of all recorded music sales, a medium many people considered long dead is actually on the rise. It’s being called the vinyl revival.

Keep reading

About these ads

Written by Henry

May 16, 2008 at 5:30 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: