They told us it was dead. An outdated technology whose time had come and gone. We had to convert to the new technology, and the vast majority of us did just that. We even tried to convince ourselves that we like the new stuff better.
And now this. For the seventh straight year that old technology has shown double-digit growth. Everyone from Boomers to Millenials are getting into it. So tell me – do you still have your album collection?
That’s right, one of the surprising bright spots for the music industry has been vinyl. This year the experts say that a billion dollars worth of vinyl records, turntables and accessories will be sold worldwide. The vinyl discs themselves will make nine out of every ten dollars in sales.
Once upon a time vinyl was king. Before that, vinyl was the hot new technology, becoming the recording material of choice in the late 1930’s. Vinyl had a variety of advantages. First and foremost was durability. Many of it predecessors, using shellac or wax, were easily damaged. Vinyl also could create high-quality recordings as well with very limited surface noise. The final winning attribute was that vinyl could be “micro-grooved” meaning the long playing records (that’s why they’re called ‘LPs”) were possible.
Vinyl ruled till the mid- 1980s when digital recording in the form of Compact Discs took over. The quality of the audio was a virtually perfect reproduction, even is some folks felt that it was a cold, almost mechanical perfection. A certain nostalgia for the scratchy sounds of a well-worn record even developed.
Today vinyl is coming back. It will never be the big audio kahuna again. In 1977, 534 million units were sold in the U.S., accounting for ninety percent of the total music sales that year. The estimate for this year is around forty million records sold worldwide. Average price will be around twenty dollars, so the music industry is fairly content with the return on investment. Vinyl sales will account for around six percent of worldwide music sales this year.
I am a member of the last generation of radio DJs who had to learn how to slip cue a vinyl record. I will admit to missing the peculiar joy of flipping through a shelf or bin of vinyl albums. Certainly, the glories of album art have suffered by being reduced to CD size or as a small graphic for a digital file. There is also something about the sound of vinyl recording that the digital just seems to miss.
But most modern buyers don’t buy the vinyl to play. They’re collectibles in this day and age, a 21st Century audio Beanie Baby.
The king is dead, long live the king.
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