According to the Recording Industry Association of America (RIAA), vinyl sales grew by 28.7 percent in value from 2019 to 2020 to $626 million. Vinyl has seen a renaissance over the past decade or so, with demand surging even more during the pandemic. “We’ve not had any plant turn us down saying, ‘Oh, we have too many Adele records.’” “All of these bigger artists are selling more records on vinyl, and all of them together are clogging up the plants, whereas a few years ago, vinyl was probably second-tier for these artists or even third-tier,” said Mike Quinn, head of sales at ATO Records, an independent record label based in New York City. ![]() ![]() At the very least, the issue is drawing some attention to a real crunch in the music industry. With Adele pressing all those records, there has been speculation that she’s crowding out some space for others. Sony Music reportedly ordered some 500,000 copies of vinyl records for the album’s release, potentially putting a squeeze on an already tight supply chain. There’s been speculation that Adele’s big splash may also have implications for the music business, and not necessarily all good ones. The British songstress released her latest album, 30, on Friday to much global fanfare, and she’s expected to do major worldwide sales (at a moment when physical music sales are rare). Or maybe it’s Adele who’s coming for the supply chain - specifically, the vinyl supply chain. The supply chain comes for everyone, including Adele.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |