The demand for vinyl records is very high and production concerns

The request for Vinyl records in the international market it is so high that the producers of the product are faced with a great challenge to manage the entire production.

This happens precisely 40 years after CD took vinyl from his throne in the industry.

as the CD took over the market at that time, cracker sales began to decline precipitously, forcing large labels to sell or dismantle their vinyl presses. Now, in the current century, the cards on the table have changed and dozens of disc printing plants have been set up around the world to try to match the format’s high sales volume, which already has an estimated turnover of 1 billion dollars. And believe me: it wasn’t enough.

The resurgence and growth of vinyl in the music market has been going strong for a decade and a half coronavirus pandemic record enthusiasts began to consume the product even more, as tours were canceled and people were confined to their homes.

Added to this is the discovery of young people from the old format and with pop music surrendering to vinyl with its special releases. To give you an idea, one of the best-selling vinyl records in the industry is the album acid by the pop star Olivia Rodrigoalone 19 years. With millions of fans around the world, the young artist has also contributed to the popularization of vinyl over this decade.

The decline of vinyl in the 80s and the villain of cassettes

The decline in sales and public interest in vinyl occurred in the 1980s, when cassettes gained more space in that decade and, with that, the commercial performance of the records was severely worsened, becoming a “bad guy” of the old format. . Pair that with the fact that the CD has become a spectacular novelty, presenting a hiss-free sound.

Marco MichaelsCEO and president of United Record Pressinga company based in nashville and the largest vinyl record manufacturer in the United States believes in the industry “has found a new gear and is accelerating to a new pace”. The company started its business in 1949 and has never stopped producing records. They are currently in a major expansion process. $ 15 million (from BRL 78 million at current exchange rates) triple its production capacity by mid-2023.

Watching the growing interest in vinyl among high school students and young adults, Michele is quite optimistic about the future of vinyl in the new music market, dominated by streaming: “I believe in music and I believe in the importance of music in people’s lives. I don’t think it changes”he concluded.

Source: Terra

Emily

Emily Jhon is a product and service reviewer at Gossipify, known for her honest evaluations and thorough analysis. With a background in marketing and consumer research, she offers valuable insights to readers. She has been writing for Gossipify for several years and has a degree in Marketing and Consumer Research from the University of Oxford.