'Probably most reissue collectors' favorite label is Ace Records in the UK,' he said. 'An indie label album can be $18.99, and reissues can be in the high twenties to low thirties in prices.' He added that some independent reissue labels have begun to pay attention to their customers' changing tastes, and have shifted their strategies accordingly. 'CDs just got too expensive,' Kioussis said. While compact discs are still selling, John Kioussis, owner of Rockit Scientist Records, said that the drift away from the format could also be attributed to a common cause – it costs too much. With digital, anything goes, and in the hands of a bad engineer, too much knob-twiddling is a disaster.' 'Vinyl – at least some of it – is usually cut with gear that is vintage, so it has a nice, balanced sound, just like the old days. Audiophile music mastering engineer Steve Hoffman, who has mastered albums by such artists as Paul McCartney, Frank Sinatra, and Miles Davis, said that this is due to a perceived 'warmer' sound of vinyl records, a byproduct of the technology used to make them. 'But if you want some physical media to collect and display, you're going to want the one with the coolest packaging, and that is almost always vinyl.' There's also the issue of sound quality, and in that respect, many music fans believe that the LP has never been improved upon by any of the formats that have come and gone in the last 40 years. 'If you want to hear a song, you can almost always find it on streaming, which displaces both CDs and albums for listening,' Kuge said. In other words, records look cooler than compact discs. Mara Kuge, president and founder of Superior Music Publishing said that the shift is also partially driven by aesthetics. 'For some, streaming has cheapened music, and the ritual of buying and owning a record is a way to really commit to the artist and their work,' Orkin said.

The RIAA's 2018 year-end report said that it had fallen 34% to $698 million, the first time it had totaled less than $1 billion since 1986.ĭan Orkin, director of content at music gear marketplace Reverb, which also sells records via its site Reverb LP, said that this shift is partially a response to streaming services. At the same time, revenue from compact disc sales has steadily declined. According to data from eBay, a new vinyl record cost an average of $4.80 in 2007, and in 2017 it had gone up to $28.40, an increase of over 490%. While sales have gone up, prices have as well. Furthermore, there was an 18.5% year-over-year increase in sales of new vinyl from 2016 to 2017. Data provided to CNBC by eBay shows that sales of new and used vinyl have been steadily increasing over the past decade. But while the general public may not have anticipated a resurgence in LP sales, those who have been paying attention for the past few years likely aren't surprised. When the compact disc was introduced in 1982, it was billed as a technology that would render vinyl records obsolete. It showed that 80% of the of music industry's revenue comes from streaming, but it also showed that revenue from sales of vinyl records is on track to overtake that of compact discs by the year's end, should current trends continue. This past week, the Recording Industry Association of America (RIAA) released its mid-year report. Personal Loans for 670 Credit Score or Lower

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