The Facts and Figures Show 2014 a Record Breaking Year for Vinyl while Downloads Decline
www ccc stashed this in Analog vs Digital
A record-breaking year for vinyl
In the UK, BPI predict LP sales will reach 1.2 million by the end of the year, 54% up on 2013 and the first year to break the 1 million mark since 1996. US sales are estimated at 8.2 million for 2014, up 38% on the previous year and the highest since Soundscan started counting back in 1991.
Predicted vinyl market share in 2014 is 2%, the highest since 1994.
The Discogs phenomenon
About 5,000 records and CDs are sold on Discogs every day
AmazonUrban OutfittersHastings EntertainmentHot TopicTrans World Entertainment
USA Top 5 Vinyl Retailers (% market share)
Discogs launched Vinyl Hub this year - a new project aiming to document every physical record store in the world
H1 2014's most expensive Discogs item was a Coil record from 1987 which sold for $1889 in February
RECORD STORE DAY
Total sales at independent stores worldwide increased by 646% from the week prior
Over 640 exclusive products
Best selling album
Best selling single
Tame Impala Live Versions
Nirvana Pennyroyal Tea
245 UK stores participated
Independent Labels (78%)Major Labels (22%)
Vinyl sales on the day were boosted by 2,042%
Reissues (54%)New Releases (46%)
Second biggest week of sales (after RSD 2014) since 1991
Why the turnaround?
Vinyl record sales and streams soar while paid downloads decline.
According to Nielsen SoundScan data, vinyl record sales hit 9.2 million in the US, up 52% from 2013. The numbers are the highest since the music industry monitor Soundscan started tracking back in 1991. The data also indicates that the vinyl market accounts for about six percent of album sales overall.
In the digital market, downloads fell to 1.1 billion from 1.26 billion in 2013 while streaming grew sharply to 164 billion songs, up 54% from 106 billion in 2013.