No, Vinyl Sales Aren't Down 33% in 2024. They're up 6.2%
(Thursday October 17, 2024 @11:32AM (msmash)
from the math-is-hard dept.)
- Reference: 0175272121
- News link: https://entertainment.slashdot.org/story/24/10/17/1532243/no-vinyl-sales-arent-down-33-in-2024-theyre-up-62
- Source link:
An anonymous reader [1]shares a report :
> Starting on October 14, 2024, news outlets including Yahoo and NME reported that year-over-year, the U.S. vinyl market was down 33 percent. The data for these articles came from a weekly report from Billboard called "Market Watch," which automatically updates with data provided by the company Luminate. Amid the vinyl revolution, this news signified a shift in buyer habits: a sales decline among vinyl for the first time in 17 years.
>
> On October 15, Discogs contacted Chris Muratore, director of partnerships at Luminate, who confirmed that the reported data is incorrect. Vinyl sales are actually up 6.2 percent. Billboard has since added language to their "Market Watch" report, clearing up the error. Luminate has been the gold standard for physical music sales numbers for decades. However, at the beginning of this year, the company changed its reporting process, frustrating many record store owners and industry personnel.
[1] https://www.discogs.com/digs/collecting/vinyl-sales-up-in-2024/
> Starting on October 14, 2024, news outlets including Yahoo and NME reported that year-over-year, the U.S. vinyl market was down 33 percent. The data for these articles came from a weekly report from Billboard called "Market Watch," which automatically updates with data provided by the company Luminate. Amid the vinyl revolution, this news signified a shift in buyer habits: a sales decline among vinyl for the first time in 17 years.
>
> On October 15, Discogs contacted Chris Muratore, director of partnerships at Luminate, who confirmed that the reported data is incorrect. Vinyl sales are actually up 6.2 percent. Billboard has since added language to their "Market Watch" report, clearing up the error. Luminate has been the gold standard for physical music sales numbers for decades. However, at the beginning of this year, the company changed its reporting process, frustrating many record store owners and industry personnel.
[1] https://www.discogs.com/digs/collecting/vinyl-sales-up-in-2024/
who cares? (Score:1)
by iggymanz ( 596061 )
Terrible error-prone and flimsy format, no one who takes listening to music seriously uses vinyl. Eventually the needle wears and starts damaging the media too. It's a novelty fad for people with money to waste. Yes, I'm old and had vinyl records... until the 1980s when I upgraded to the superior format. Now we can store our music digitally and don't need physical media at all.
File this under.... (Score:2)
by Kelxin ( 3417093 )
Who cares?!
More msmash space filler as usual (Score:2)
by couchslug ( 175151 )
Why would this trifle be newsworthy? What's next, linking to antique cylindrical recording sales?
Olde Fashioned Buggywhips, Since 1731 (Score:2)
At this point in history, and absent a retro fad, I would imagine that sales of audio recordings on vinyl are pretty stable year-on-year. And I think the retro fad happened about a decade ago, so.
Re: (Score:1)
If they are stable year over year, that's a sign they are still a fad. [1]https://www.youtube.com/watch?... [youtube.com]
[1] https://www.youtube.com/watch?v=aZ2czFuIYmQ
Re: Olde Fashioned Buggywhips, Since 1731 (Score:1)
They have been on the rise for 25 or 30 years. When CD hit their peak. 30 years is not a fad. And CD continues to fall off.