![]() ![]() Overall, there are 2,419 record stores in the U.S., down from 5,259 in 2012, according to IBISWorld. Record stores by the numbers. Independent record stores accounted for 45% of vinyl sales in 2015, according to Nielsen.Sales of vinyl on Record Store Day alone have risen from 17,000 discs to 733,000 in 2018, Nielsen says. Back in 2009, vinyl LP sales of 2.5 million, accounted for only 1% of the nearly 307 million physical albums sold. There were 16.4 million LPs sold in 2018, accounting for 19% of all albums sold (86.5 million), Nielsen says. Listening habits. Vinyl LP percentage of total physical album sales has grown at the same time CD sales and overall physical album sales have declined.That's the most since 1988, when vinyl sales hit $532.2 million.ĭespite increased interest in vinyl, record store revenue has declined about 7% annually over the last five years, and will hit an estimated $1.5 billion in 2019, according to market research firm IBISWorld. Vinyl sales increased 8% to $419.2 million. Vinyl spending. It may sound like a broken record, but consumers spent more on vinyl last year than in 2017.More facts about Record Store Day and vinyl The first Record Store Day had only 10 special releases, but this year there will be about 375. Check for participating stores and all the releases – from Al Green and Janis Joplin to Albert King and Jeff Tweedy. This year, Pearl Jam is the event's ambassadors and they have a special limited release available Saturday, "Pearl Jam Live at Easy Street," a recording of a live 2005 performance at Seattle's Easy Street Records. Metallica served as official Record Store Day ambassadors again in 2016 and you see their performances on the MetallicaTV YouTube channel. "There would be no Record Store Day without Metallica."Įach year, some artists do performances at stores. More than 600 fans showed up and "the band members welcomed each and every one and treated them with such kindness," Kurtz said. "Metallica was the first band we took the idea to that said, yes they would help," said Michael Kurtz, co-founder of Record Store Day and president of The Department of Record Stores, which has 72 independent stores in the U.S. ![]() Metallica played a live performance on the first Record Store Day Apat Rasputin Music in San Francisco. Independent record store owners and employees concocted Record Store Day as way to celebrate the format, attract consumers and encourage new releases. Recall: Fisher-Price recalls 4.7 million Rock ‘n Play sleepers Streaming strategies: Disney+'s rave reviews put pressure on Apple At the same time, appreciation of vinyl remained high as CD sales and total spending plummeted. Paid music subscriptions to services such as Spotify and Pandora make up 47.3% of the $9.8 billion spent in 2018.īack in 2007, vinyl sales made up only 0.2% of the recorded music market. That amounts to 4.3% of total spending on recorded music in 2018, the RIAA says. In its 12th year, Record Store Day has been credited with helping keep the vinyl business alive. Vinyl sales had plummeted to $15.7 million in 2006, but has grown annually to $419.2 million in 2018, according to the Recording Industry Association of America. The future of music listening may be streamed over the Net, but the good old-fashioned vinyl record continues to hang on.Īnd for those who cherish long-playing records this Saturday is Record Store Day, a retail celebration that sends many shoppers to independent record stores to secure special limited edition releases.
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