A stack of old vinyl records and cassette tapes are on the board
Music Industry

Vinyl Record Industry to Millennials: “Thank You!”

Yes, sales growth has slowed over the last year, but in the tenth year of its resurrection, vinyl continues to do well, certainly for a format that was declared dead and buried several times.

Older white dudes tend to make up the bulk of the vinyl market, but we wouldn’t be here today if Millennials hadn’t bought into the whole thing. Fortune takes a look at how under-35s are driving vinyl forward.

[V]inyl is back, to the tune of a projected $1 billion in sales this year, and it’s largely because of millennials. Nearly 50% of gramophone customers are 35 or younger.

Vinyl Me, Please launched on the back of this resurgence. Founded in 2013 by Matt Fiedler and Tyler Barstow (themselves earnest millennials), the vinyl-subscription service sends users an exclusive LP, original album art, and a cocktail recipe designed to match the album for $29 a month.

So why vinyl, and why now? It’s not about nostalgia—most of Vinyl Me, Please’s customers didn’t grow up with LPs. Instead, Fielder attributes it to his generation’s willingness to “exchange the idea of convenience for an experience.”

In addition, for customers in their 20s and 30s, some of whom grew up streaming music, “the idea of owning is really interesting.”

Finish off the article here or just watch this video.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 38446 posts and counting. See all posts by Alan Cross

Let us know what you think!

This site uses Akismet to reduce spam. Learn how your comment data is processed.