Vinyl Revival Not All It Seems

By Hans Dinkelberg (Flickr: The record shop) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

CDs and vinyl are outselling digital downloads in the US for the first time since 2011. That’s something of a misleading statistic however.

The figures come from the Recording Industry Association of America and aim to cover all revenue derived from recorded music. They only cover money that comes directly from customers, so don’t include royalties from traditional radio broadcasts or licensing fees.

Recorded music as a whole is picking up as a business: the revenues for 2017 were $8.7 billion, up from $7.5 billion in 2016 and $6.7 billion in 2015.

To say physical products overtook digital downloads (reversing what once seemed like an inevitable shift with the rise of the iPod) is a bit of a stretch. In fact both categories declined – it’s just that physical products only declined by four percent. There was a small shift in format, with CDs down a little and vinyl up a little, despite average record prices increasing.

Rather than people deciding to buy CDs or records in place of MP3s, what’s really happened is that people are shifting from buying digital music towards subscribing to streaming services — plus streaming has attracted people who’d otherwise not spend any money on music. The RIAA says that at an average point in 2017, 35.3 million Americans had a paid music subscription, up from 22.7 million in 2016 and 10.8 million in 2014.

Streaming now makes up 65 percent of all recorded music revenue with physical media at 17 percent and digital downloads at 15 percent.


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[World of Etsy Sales]

Living on the Most Crowded Island on Earth

Two hours off the coast of Colombia is a small island home to over 1,200 people. As the entirety of Santa Cruz del Islote only spans the length of two soccer fields, residents live in close quarters, making the island four times as dense as the borough of Manhattan. Despite the circumstances, the community makes the most of their limited surface area, packing in a school, two shops and one restaurant. Only 150 years ago, the island was uninhabited; today, generations of families are proud to call Santa Cruz del Islote home.

[Great Big Story]

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