On August 12th, we celebrate World’s Vynil Record Day, so we decided to discuss how this medium has become increasingly popular over the recent years and its importance.
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Friday, August 11th
Vinyl records have brought back the magic and artistry of music in a world dominated by streaming platforms. The vinyl market has become more crucial for artists and the industry. In the past, the music industry relied on a mix of record deals, touring, and album sales. But with the rise of digital music and piracy, sales for vinyl and CDs declined. However, the emergence of streaming platforms like Spotify, Pandora, and Apple Music changed the game.
Music became more accessible, and artists no longer needed a recording studio or record deals to create and release music. Yet, streaming revenue is much lower compared to individual music sales. Artists now rely heavily on views and streams for income, which can be challenging.
Artists turn to avenues like merchandising, licensing their music, or physical sales like vinyl records to support themselves.
Vinyl sales have seen a resurgence in recent years as people appreciate the physical and nostalgic experience it offers. It provides a different sound quality, and artists earn a significant cut from vinyl sales. While there are questions about its future, vinyl remains essential for artists and listeners.
In a world where music is everywhere and attention spans are shorter, vinyl allows us to listen and appreciate the piece in its entirety actively. It brings back the romance and magic that streaming platforms sometimes lack due to overexposure and accessibility.
This article is based on “THE IMPORTANCE OF VINYL RECORDS IN A WORLD OF STREAMING,” published on suitcaserecords.com.au
