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The Vinyl Revival [infographic]
![The Vinyl Revival [infographic]](https://s3.amazonaws.com/allaboutjazz/photos/logo/hypebotlogo2015.jpg){kind=logo}
Source:
HypeBot
Vinyl is making an impressive comeback in the digital download era of music consumption. Laura Creed, of Superfi has done quite a bit of research into the resurgence of vinyl, it's popularity, and what it could mean for today's music industry. The proof is in the infographic - today's average consumer is choosing digital, but the case is far from closed for vinyl records. There is an increase in trend, and it's more than just hipsters flaunting their trendy music. ...
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Orchestras Create New Opportunities as the Old World Slowly Fades
Source:
HypeBot
Classical music orchestras face many challenges these days. Season subscriptions are dropping and a shift to promoting individual events and exploring alternatives seems to be the order of the day. At this point none of the challenges are a surprise but a number of orchestras are showing they still have some new moves. The Royal Shakespeare Company is releasing recorded music though it seems to be simply a part of their mission. And the Boiler Room is helping out with ...
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Nielson Survey Shows Music Still Trumps All Forms of Entertainment
Source:
HypeBot
Nielsen's Music 360° 2014, an annual study of consumer habits and spending, revealed that 93% of the U.S. population listens to music, spending more than 25 hours each week tuning into their favorite tunes. For hundreds of millions of Americans, this means that music is their top form of entertainment. When surveyed about their activities in the past year, 75% of respondents said they actively chose to listen to music, even ahead of watching television at 73%. The Car Culture This ...
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Urban Outfitters is World's #1 Seller of Vinyl Records
Source:
HypeBot
In the last few years, we've seen record stores selling more clothing to survive, but is the globe's top seller of vinyl records really a clothing store? Clothing retailer Urban Outfitters is claiming that it is now the world's number one seller of vinyl records. According to a report by Forbes, the claim was made by Urban Outfitter’s Chief Administrative Office Calvin Hollinger during a conference call with industry analysts. “Music is very, very important to the Urban customer … in ...
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Vinyl Resurgence and Music as an Experience Fuel Return of Physical Music Retail
Source:
HypeBot
Are three buzz phrases enough to capture the excitement of anecdotal evidence of retail's return? Maybe so but I think it's truly exciting that the vinyl resurgence has helped fuel both new sales of physical music (especially vinyl and CDs) and the opening of new retail outlets that sell music as part of a larger experience. UK-retailer HMV is reporting a successful comeback with a wide range of in-store events while Josey Records is an example of a new indie ...
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The Rise of Indie Streaming
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HypeBot
By Peter Getty. Streaming music is a music lover’s dream. We now have access to the work of a wide range of artists, either for free (with ads) or for a small monthly fee. Popular artists are even making money on the model, with heavy rotation with services like Pandora, Beats, and Spotify. For smaller artists, however, the results aren’t always great. For better or worse, a future where most music is available for streaming looks unavoidable. Recognizing this, independent ...
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Slow Growth Ahead for Digital Music, Says New Juniper Study
Source:
HypeBot
There's not a lot of good news in a new report from Juniper Research which found that the digital music industry will experience slow growth in revenue over the next 5 years, from $12.3 billion this year to just $13.9 billion in 2019. Strong performance in streaming music will largely be offset by decline in revenues from legacy services such as ringtones and ringback tones, according to the report. Music discovery remains a challenge The Junper report argues that music ...
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