Criminal Records, an independent music store located in the Little Five Points area of Atlanta, Georgia, has been hearing about the death of vinyl for the last twenty years. Records. They're old news, said Mel Pinson, a store manager, explaining the music industrys long-prevailing attitude. But when you see young kids and college students flipping through the racks, carrying out three or four albums, and new stuff like Radiohead, Black Keys and Portishead is moving like crazy, something is going on.
Whats going on is a 36 percent jump in vinyl shipments from 2006 to 2007, according to the Recording Industry Association of America. In a time when the music industry is bleeding cash, with labels folding and CD sales down 19 percent from last year, the growth rate of vinyl has provided a steady pulse of positive news for music retailers. In January 2007, vinyl albums accounted for less than 7 percent of Criminal Records' sales. Less than a year-and-a-half later, vinyl sales were up to 15.6 percent. Criminal Records isn't alone. Nielsen SoundScan reports vinyl sales shot up 15.4 percent last year, reversing a seven-year decline, and could reach $1.6 million this year.
Retailers are moving to capitalize on the trend. Amazon.com now offers over 150,000 titles on its vinyl-only store, launched last year. You can even get albums at Best Buy now, which is testing out vinyl sales in some stores. Here are five LPs we promise you wont find there.
Getting rid of your vinyl? Are you crazy? Keep them. I have nearly 20,000 but could never get rid of them. Converting to CD's, when did you last see a CD or MP3 that sold for thousands on e-bay? Said it before. Vinyl means you have the tune. MP3 or CD's means nothing.