Vinyl records, which went close to extinction, made a comeback in recent years, and they now rule the music industry.
Record Store Day was started in 2008 and it was conceived as an idea to draw public attention to independent record stores. Actual LP record albums piled itself came into pop culture.
Last December Northwestern University’s Medill School of Journalism conducted a statistical study based on the issue of vinyl, says City Beat.
“Vinyl record sales brought in $221.8 million in revenue between January and June 2015, a 52 percent year-over-year increase, according to the Record Industry Association of America (RIAA),” the study said.
Today fans of vinyl records are celebrating the unofficial holiday. The audience and availability of the medium has changed considerably.
The resurgence of vinyl records took place as hipsters in their 20s and early 30s found a way to make their music listening different. These records were old school and filled with little glitches that digital music had erased.
However, those flaws added a depth and warmth to the music. It was forgotten b people who owned extensive album collections.
This happened after years of listening to digital music. Digital is technically cleaner, but the MP3 technology tends to dull the highs and lows.
While nostalgia and unique sound quality became the chief reason, 2015 saw the upsurge of vinyl records. Sales of vinyl records were up 32% to $538616295, as CD sales, while much higher in total income, were down to 17%.
Vinyl records sales revenue in 2015 were even more that streaming services, such as YouTube, Vevo and Spotify’s free service.
Vinyl records are no longer falls under the domain of independent record stores. Retail shops Urban Outfitters, Burns and Noble – are also keeping vinyl records.
Earlier, these records were sold at a price range of $12-$25. However, Today vinyls cost more. A vinyl of Springsteen’s “Born in the USA” would cost you $51, says Fortune.
Soon vinyls of new release from archive material of The Doors, Bob Dylan and The Grateful Dead, will be released.