Post by Citroen on Sept 1, 2020 16:48:33 GMT 12
The vinyl resurrection is in trouble. Is it over for LPs? For Canadians, it might be
Global News Canada - Vinyl resurrection
Strangely, though, Canada seems to be alone when it comes to this vinyl apocalypse. The format continues to do well in other territories.
For example, the U.S. saw double-digit growth (11.2 per cent) in vinyl sales during the lockdown. In Britain, an event called Love Record Stores Day on June 20 saw more than one million pounds (C$1.73 million) worth of records sold in a single 24-hour period.
Things are up in Japan. In Germany, the entire music industry grew by 4.8 per cent during the first six months of the pandemic, with healthy revenues coming from vinyl sales. And Australia, which goes battles with us for fifth place among the world’s music markets, reports steady vinyl sales.
I wonder what the NZ figures are like?
Global News Canada - Vinyl resurrection
- “It’s over, man,” he said. “It was a really good run, but the whole vinyl thing is over. Yeah, COVID has been a problem, but there’s more to it. It’s the labels.
They got greedy. - This acute shortage of lacquer masters has led to disruptions in manufacturing, shortages and, inevitably, higher prices for the finished product.
- All the indie stores were closed for weeks
- Another contributing factor to vinyl’s 2020 malaise was the postponement of Record Store Day,
For example, the U.S. saw double-digit growth (11.2 per cent) in vinyl sales during the lockdown. In Britain, an event called Love Record Stores Day on June 20 saw more than one million pounds (C$1.73 million) worth of records sold in a single 24-hour period.
Things are up in Japan. In Germany, the entire music industry grew by 4.8 per cent during the first six months of the pandemic, with healthy revenues coming from vinyl sales. And Australia, which goes battles with us for fifth place among the world’s music markets, reports steady vinyl sales.
I wonder what the NZ figures are like?