Fans spin vinyl to record high: However, collectors – who pay on average more than $20 a record – shouldn’t get too excited. The market will soon wind down, say consultants at Deloitte. “In 1981, over one billion albums were sold. In 2017 it will be around 40 million. This is not the resurgence that is portrayed. It is a blip,” Paul Lee, Deloitte’s head of technology, media and telecoms research, tells Nic Fildes in the Financial Times.
Lobster Theremin Open New London Record Shop: The team at Lobster Theremin are set to open a new record shop in East London at the weekend. The distribution company, label, and talent spotting enterprise will bring the majority of their 200+ distribution stock plus an array of tapes, merch, zines and more at the space in Hackney. Lobster Records will be located on Sidworth Street, just a short walk from the always-popular London Fields area. The shop opens tomorrow (January 21st) before taking a two day break – Lobster Records will then be open seven days a week from Tuesday (January 24th).
Record shops thrive on our growing love of vinyl: More than 15 years after the iPod turned the music industry on its head, and as car manufacturers start to delete the CD player from their new models, many independent music stores are not only still in business, they are thriving. Mel Mays, owner of Quality Records in Malvern, Victoria, is one of them, and he puts it all down to the resurgence of records. He said the trend started about five years ago, initially as a “fashion thing”. “Every year you’d think it would be on it’s last legs, but it’s just kept on growing,” he said. “It’s an old industry, but it’s a growth industry.”
Island entrepreneurs ready to start pressing vinyl on P.E.I., Kaneshii Vinyl Press will start production in March: A group of Island entrepreneurs are riding the wave of what they say is a resurgence in consumer demand for vinyl LPs — with plans to start pressing records in Charlottetown this spring. Kaneshii Vinyl Press is now renovating an industrial space to start production in March. The factory will fill a gap in manufacturing services currently available in Canada, according to one of the company’s founders. “A lot of local artists struggle to get their vinyl out on time, or out on time when they’re going on tour,” said Rob Rice, one of four founders of Kaneshii Vinyl Press. “All of us were very interested in pursuing this, not only as a business venture, but to stimulate the music industry on P.E.I. and in Canada in general.”