Quote:
Originally Posted by memepool
LP was well on the way out of the mass market by the time Cassette sales peaked and the same now is true for CD.
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Your memory of music sales in the '80s is different than mine...I don't recall cassettes ever pushing LPs out of the mass market, and they certainly did not have them "well on the way out" by the time CDs arrived as you so colorfully describe. However, I can't support my memory with any hard facts, as I don't know any solid figures that go back that far. If you have them, please share.
Everyone knows that CD sales have gone down in the 21st century, it's gone from being the only format of any consequence in the mass market to having a serious contenter in digital downloads. Even with the losses, CD sales are a $10.5 billion a year business (at least they were in 2005, probably less than that now) and the record industry isn't going to walk away from that (around 80% of their revenue) any time soon.
You want to talk about hot emergent formats? Look at the "Mobile" row in the RIAA chart I linked to above...the sales of cell phone ring tones wasn't even tracked in 2004, but in 2005 it beat the sales of downloaded singles by almost $60 million! Does this mean that John Q. Public would rather listen to music on his cell phone than on CD? No...it's just another distribution channel. The more channels the record industry has (the more opportunities to sell things) the better for them. Expect to see
more format options in the future, not less.
Quote:
Originally Posted by memepool
Vinyl sales fell worldwide throughout the 80's and then bounced back in the 90's due to the Hip Hop and Dance scenes which are driven by 12 " sales.
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Vinyl sales may have increased in the '90s, but if you're implying they "bounced back" to anything even close to '80s levels, that simply isn't true. Look at the RIAA chart. LPs had a "peak" in 1998 (interestingly, just two years before CDs peak in 2000) with 3.4 million units shipped, a whopping 2.5% of what CD sales were that year.
Quote:
Originally Posted by memepool
12" sales have been declining in the UK but have been surplanted by 7" sales which have had the same exponential growth as downloads in the last few years...
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Again, take a look at the RIAA chart. 7" sales growth is nowhere near the growth in digital downloads. Heck, it isn't even growth. Sales of vinyl singles have been falling 2-3 times faster than CD sales so far this century.
Look, I don't know the future, but based on what's currently happening in the market I don't see vinyl ever being anything more than a niche player for (relatively) tiny groups of nostalgics, audiophiles & DJs. If you've got some actual data to suggest otherwise I'd like to see it, but your hyperbolic assertions aren't changing my mind.