On Dec 7, 8:55=A0pm, bob wrote:
On Dec 7, 10:00=3DA0pm, Scott wrote:
On Dec 7, 5:05=3D3DA0pm, bob wrote:
"Keep growing" is overstated, What we have here is a couple years of
growth after decades of decline and stagnation.
Not really sure how a fact stated as a fact can be an overstatement.
vinyl sales have been in fairly constant growth for the past decade.
But there has been a substantial spike in the last couple years.
A fact is something you don't just make up. "Vinyl sales have been in
fairly constant growth for the past decade," doesn't qualify as a
fact.
You might want to check the facts before making such a claim about
what is and is not a fact.
"The booming trend became apparent in 2003. Nielsen SoundScan
announced that ?formats classified as ?Other? (largely vinyl, but
including a small number of DVD audio- albums) showed an increase of
more than 30 per cent in the period 2000-2003.? (Hayes 2006) That same
year The National Association of Recording Merchandisers (NARM)
reported that sales of new and used vinyl records combined had
increased by more than 300 percent since 2000, bringing in $67
million. New CDs alone brought in more than $12 billion. The
mainstream was obviously in the digital domain, but vinyl replay as a
subculture was definitely on the rise. (Manez, 2003) The owner of
independent reissue label Sundazed in New York commented: ?I don't
consider it a small niche anymore. At Sundazed, we did half a million
in sales in vinyl in 2003. That's not small potatoes. "It has become
so much more mainstream that even the lay person knows something's
going on.? (Petrick, 2004) Yet the biggest boom was still to come. 6.4
Vinyl is back in the (youth) mainstream Last year, Virgin Megastores
UK announced it would re-arrange its stores to better accommodate
vinyl records. According to the company, ?up to 70 percent of sales of
new releases are vinyl.? (Glover, 2006). In 2007, in the UK Virgin
Megastores, vinyl outsells CDs 80% to 20% for albums available on both
formats. (Lindich, 2007) Even the 7? vinyl single has returned.
According to the British Phonographic Industry (BPI), ?annual sales of
vinyl singles in the U.K. rose sixfold, accounting for 14.7 percent of
all physical singles sales in 2005, up from 12.2 percent in 2004.? Of
course this applies to customers actually coming into stores to buy
music on a physical carrier. However, Virgin Megastores UK predicts
that digital music downloads "will account for no more than 10 percent
of the overall market by 2009. The company hopes its vinyl strategy ?
will offer consumers enough added value to head off growing
competition from cut-price supermarket CD offers and internet download
services." (Glover, 2006) Also chain store HMV agrees that vinyl is
back and the company has been rapidly expanding its record racks to
meet rising demand. (Allen, 2007)"
http://web.mac.com/dobbelsteen/iWeb/...esis-final.pdf