CDs In Decline, Vinyl Records On The Rise

Above, an original Thunderball soundtrack album from 1965. Photo by Armand Vaquer.

There is one trend in the music industry that I am pleased to see.

And that is the growth of vinyl records. The old analog records have been making a comeback for several years while CDs have been declining and music streaming has been growing.

Above, James Bond soundtrack 45 rpm singles. Photo by Armand Vaquer.

Even in Japan, the growth of vinyl has prompted Tower Records in Tokyo's Shinjuku section to dedicate a floor to vinyl records.

News On Japan reported:

Tower Records opened Tower Vinyl on the 10th floor of its Shinjuku store on March 21. The space, once reserved for pop-up events, now houses 70,000 records, according to the company, with more than half being secondhand.

In the U.S., vinyl pressing companies are starting up (along with older pressing companies) and are struggling to meet the rising demand.

According to Arizona Public Media:

Last year, digital music hit a milestone. For the first time ever, it accounted for more than half of global music sales. Music streaming revenues rose more than 40 percent, while sales of physical recordings continued to sink. 

Yet a company in Northern Virginia has just started pressing vinyl records. 

Tucked away in an industrial park in Alexandria, Furnace Record Pressing is the country’s newest record manufacturing facility — and a seemingly batty business idea, if you haven’t paid attention to deeper trends in the music industry lately. 

Despite the overall downturn in physical recordings like CDs, vinyl sales have been on the rise for a decade now, as younger people have begun to discover the richer sound and collectable nature of old-fashioned records. But as the vinyl frenzy caught on, soaring demand quickly created a problem, says Furnace’s owner, Eric Astor. The world’s remaining pressing facilities couldn’t keep up with the crush of new business.

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