[This was my weekly column for GlobalNews.ca. – AC]
My regular record dealer was over at the house the other day looking to buy some vinyl I didn’t need anymore.
“It’s over, man,” he said. “It was a really good run, but the whole vinyl thing is over. Yeah, COVID has been a problem, but there’s more to it. It’s the labels.
“They got greedy. Have you seen what they’re charging for a new record? Some single discs selling for $40! Insane. That’s gouging. No wonder sales have dropped.”
Not just dropped but cratered.
After nearly a decade and a half of astonishing double-digit growth, sales of new vinyl in Canada have been in freefall for months. According to MRC/Nielsen figures, fewer than 400,000 pieces of new vinyl have been sold in stores throughout Canada so far this year, a drop of over 26 per cent from this point in 2019.