> Even if you add inflation, the resurgence is still there. IE for LP/EP, 2019 will beat out 1989.
I'm having trouble viewing those graphs on mobile but it looks like in 1989 vinyl only had >4% market share and 34.6 million units, where as in 2018 it had >3% with 16.7 million units.
It's not nothing and it's not a large part of the overall market. It appears to be smaller than 30 years ago when it was considered a dead format.
I can be convinced otherwise as statistics isn’t a strength of mine, but those two numbers are by units.
Unit share doesn’t seem to make sense as a comparison point to me. A single or ringtone shouldn’t be given equal respect to a full collection of songs. Downloaded singles are 75% of the unit market share but only 5% of the revenue market share in 2018. 2018 will be the last year downloaded singles have a greater revenue share than vinyl.
To me this looks like a resurgence because of how its revenue share has been. Its collapse of market and revenue share from ~83 to ~92 and being dead by 89 (with 3.3% revenue share, less than the past 5 years if including 2019). Having a revenue share of 0.1% from 93 to 07. Yeah, for 25 years it’s revenue share was 0.1%. Then ~1.5% for the next 5-6 years and ~4.5% for the past couple of years.
It’s not a crazy resurgence, but compared to 93 to ~2012, a 25 year span, it’s many multiples higher and not looking to let up for now.
I agree that unit shares don't make sense, I was referencing the volume % which seems less absurd. The % of volume that LP had in 2018 was similar to the late % in the 80s. My point was that in the late 80s vinyl was "dead" and it's still "dead".
But it’s not dead in the same way. The resurgence has it stabilized and growing a bit still. In 89 it was on a 5 year drastic downtrend.
Now it’s on a tear compared to 93 to 07 and beyond.
There’s active communities online and in real life of people who like vinyl and are buying it. Though there were always enthusiasts. The buying part wasn’t happening from 93 to 07. If you can run a successful business off something that isn’t trending down, without the biz being too crazy, then the thing isn’t really dead. It’s niche sure. But dead wouldn’t make sense. Cassettes are dead. Paying for ringtones are dead. Those two aren’t close to vinyl.
I'm having trouble viewing those graphs on mobile but it looks like in 1989 vinyl only had >4% market share and 34.6 million units, where as in 2018 it had >3% with 16.7 million units.
It's not nothing and it's not a large part of the overall market. It appears to be smaller than 30 years ago when it was considered a dead format.