ronniebear
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Sales statistics for physical media -- vinyl records, compact discs, even cassettes - are measured based on either the number of NEW PRODUCT units sold or dollar volume. There are no meaningful sales statistics documenting the enormous secondary market for pre-owned media. In that regard, sales volume of pre-owned (used) vinyl records has massively surged compared to the early 2000s.
Those who were around circa 1995-2005 may recall those years, when vast quantities of used turntables and records could be had for very cheap prices or even for free. Thrift stores were so overwhelmed by donations that items which didn't sell within a month (for 50 cents or whatever) were tossed in the dumpster, they just didn't have enough space. Ditto for turntables, these were often in high stacks and you could easily buy a VERY nice Denon/Technics/Pioneer turntable in perfect working condition for 5 to 10 dollars. Swap meets and yard sales were also filled with abundant quantities of records and turntables. This massive flood of pre-owned hardware and media made it difficult (though apparently not impossible) for LP pressing plants and turntable manufacturers to stay in business. To their credit, a tiny number of specialty businesses retained the ability to press vinyl records, to manufacture new turntables, and manufacture and even develop new cartridges.
From 2004 onward, it was a long and winding road for consumer demand to re-emerge for analog record technology. The real beginning of the "vinyl renaissance" was seen on the secondary market, and in sales for accessories such as cartridges, styli, and record cleaning stuff. Over time, those massive piles of giveaway-priced turntables sold off and huge quantities of records changing hands for as little as 10 cents or tossed in the garbage dump disappeared.
So for those of you under the age of 30, you might have been unaware of just how dramatic the decline of the vinyl record really was.
A great irony was that the vinyl industry inexplicably missed out on a huge marketing opportunity this summer! June 17th marked the 75th anniversary of the launch of the Long Playing (vinyl) Record. This was a giant disruption for the recorded music industry, which up to that time offered 78 rpm shellac media with 4 minutes per side of playing time.
While I personally am getting away from vinyl records due to space considerations and other reasons, I hope this little history discussion is helpful to underscore how vinyl records almost (but not quite) disappeared from the public mainstream before the "vinyl renaissance'.
Those who were around circa 1995-2005 may recall those years, when vast quantities of used turntables and records could be had for very cheap prices or even for free. Thrift stores were so overwhelmed by donations that items which didn't sell within a month (for 50 cents or whatever) were tossed in the dumpster, they just didn't have enough space. Ditto for turntables, these were often in high stacks and you could easily buy a VERY nice Denon/Technics/Pioneer turntable in perfect working condition for 5 to 10 dollars. Swap meets and yard sales were also filled with abundant quantities of records and turntables. This massive flood of pre-owned hardware and media made it difficult (though apparently not impossible) for LP pressing plants and turntable manufacturers to stay in business. To their credit, a tiny number of specialty businesses retained the ability to press vinyl records, to manufacture new turntables, and manufacture and even develop new cartridges.
From 2004 onward, it was a long and winding road for consumer demand to re-emerge for analog record technology. The real beginning of the "vinyl renaissance" was seen on the secondary market, and in sales for accessories such as cartridges, styli, and record cleaning stuff. Over time, those massive piles of giveaway-priced turntables sold off and huge quantities of records changing hands for as little as 10 cents or tossed in the garbage dump disappeared.
So for those of you under the age of 30, you might have been unaware of just how dramatic the decline of the vinyl record really was.
A great irony was that the vinyl industry inexplicably missed out on a huge marketing opportunity this summer! June 17th marked the 75th anniversary of the launch of the Long Playing (vinyl) Record. This was a giant disruption for the recorded music industry, which up to that time offered 78 rpm shellac media with 4 minutes per side of playing time.
While I personally am getting away from vinyl records due to space considerations and other reasons, I hope this little history discussion is helpful to underscore how vinyl records almost (but not quite) disappeared from the public mainstream before the "vinyl renaissance'.
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