Wednesday, January 28, 2015

"The Disruption Is Being Disrupted"

"So what about vinyl? It is rising, yes, rising like a wee baby phoenix, from a prodigious pile of ashes. Nine million two hundred thousand vinyl LPs were sold in 2014, up 51 percent annually, even faster than the growth in video streams. Nine million is a lot more than zero, but commercially speaking, its overall impact on the market is meager. Vinyl accounts for 3.5 percent of total album sales. The CD market (which is dead, remember) is 15-times larger.
"And how about the hits? The top 1 percent of bands and solo artists now earn about 80 percent of all revenue from recorded music[.]"

Derek Thompson in The Atlantic discusses the decline in purchased music.

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