Vinyl Sales to Hit a High Point in 2009
Despite a dwindling music market, vinyl sales have apparently been one of the few pockets of the industry that’s actually making a profit.
Recent figures released by Nielsen SoundScan indicate that overall vinyl sales in the United States will once again set a record in 2009, with sales up 50% through the first five months of the year. SoundScan began tracking sales data on Vinyl in 1991.
The LA Times has reported that SoundScan predicts vinyl sales will reach 2.8 million units in 2009. That figure is up from 1.9 million in 2008. Vinyl sales so far in 2009 have topped 1 million. At this point last year, vinyl sales stood at 701,000 copies:
Vinyl, SoundScan points out, accounts for less than 1% of overall album sales. In other words, vinyl sales represent about six months in the life of Taylor Swift, whose late 2008 release, "Fearless," has already sold more than 3.3 million copies. To date in 2009, 121.8 million CDs have been sold, versus 33.2 million digital albums, compared to 151.01 million CDs and 27.52 digital albums for the same period last year.
Does this mean people enjoy the warm sound of a vinyl LP more than a clear digital MP3? Me? I just like the big pictures.
Source: Warner Bros./Getty Images