The resurgence of popularity in vinyl isn't exactly new news, so Music Times was a little wary when we saw headlines celebrating the format's increase in popularity. However, the numbers indicate that 33 rpm and 45 rpm discs have made a HUGE jump across the pond.
During 2013, it's estimated by the end of the year more than 550,000 thousand vinyl records will be purchased, a total more than 100 percent increased versus the 2012 numbers. For those who've forgotten stats class, that means more than twice as many records will be bought during this year than the last. In statistics, we refer to that as "relevant."
The Entertainment Research Association, the agency releasing the findings, showed that sales have been increasing since at least 2008. Never have profits jumped at this clip however. The ERA also indicates that the buyers will spend upwards of £12 million ($19, 377,600), compared to £5.7 million last year. Much of the praise has been heaped on the annual Record Store Day, an event that offers limited edition records and rare releases at independent record stores. ERA's research indicates that more than £2 million of this year's vinyl sales occurred at the April event.
Things ain't too shabby in the United State for vinyl sales either. 2013 will probably result in around 4.1 million records sold, a 30 percent increase from 2012. Still, vinyl isn't exactly going to surpass digital downloads or even CDs anytime soon. The retro format only made up around .08 percent of music sales this year.
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