Now here’s something that deserves a second look. Recent Nielsen mid-year music industry numbers showed that overall, on-demand streaming is up 42%, surpassing 70 billion songs in the first six months of 2014.
No big surprises there.
But here’s the kicker: vinyl LP sales were up 40.4% in the same six-month time frame. Of course it’s a different demographic, and we may not be talking the same billions in volumes, so one could argue that’s just comparing oranges to apples.
But it does tell us a couple of things. For one, the music industry is still showing healthy growth, whatever the medium or business model. For another, digital hasn’t yet killed analogue. Ultimately it demonstrates the undeniable truth that there always has been and always will be a demand for quality sound – sound beyond compressed MP3.
And while we may be talking a different market base, vinyl purists are still rocking the music world – in ever increasing numbers.
For those vinyl snobs out there, what do you think about Neil Young’s recently launched high definition digital music service – Pono?
By the Cel-Fi Team