Sign up FAST! Login

The Facts and Figures Show 2014 a Record Breaking Year for Vinyl while Downloads Decline


Stashed in: Music, Infographics!

To save this post, select a stash from drop-down menu or type in a new one:

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.

6abb6c2a130f36aa5c8a96aa3444b93fa56f40a1

a82346208ef2edfb502ac288bc3baa781bd3c350

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)

Source: Billboard

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

Black Friday

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%

cee16a80617834527233fe0fafeffdbb658f23f1

b11c71252730d829cd2c4f98a7ed44d8c4963920

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.

Source: http://www.thevinylfactory.com/vinyl-fac...

And http://pandawhale.com/post/56330/2014-vinyl-sales-at-record-high-downloads-decline-the-vinyl-factory

You May Also Like: