Deloitte Vinyl Records

While the market for vinyl is small it is likely to remain an important niche segment for buyers ranging from millennials to older adults.

Deloitte vinyl records.

Deloitte global foresees a steady but niche number of music fans who will remain interested in the format but does not expect this niche to expand much. This would be the first time they ve been that high since the turn of the century. Please see about deloitte to learn more about our global network of member firms. But the slice of the pie is still a very small one with broader music.

The niche will consist of people of all ages from millennials enjoying the aesthetics and near artisan production of a vinyl record collectors purchasing new premium. Of this figure 90 per cent will be from new and used vinyl records with the remainder. Additionally some of our professionals hold the certified records manager crm designation and are prominent. According to deloitte new vinyl records and revenue will enjoy a seventh consecutive year of double digit growth in 2017.

This year approximately 40 million new vinyl records will be sold generating roughly 800 million according to a forecast by deloitte global. Dttl and deloitte nse llp do not provide services to clients. Deloitte global predicts sales of vinyl records and accessories will reach an estimated 1 billion in 2017 making up about 6 percent of global music revenues. Instead wax will always play second fiddle to digital which is at the start of its own mega explosion.

Mostly from new records but also from used discs and record players it will generate globally. Of all physical music sales 6 of all recorded music revenues deloitte predicts deloitte refers to one or more of deloitte touche tohmatsu limited a uk private company limited by guarantee dttl its network of member firms and their related. Further cooling things deloitte also says that vinyl records will never be the main event. With the addition of used vinyl discs record players and accessories global revenue from vinyl related products is expected to reach nearly 1 billion in 2017 deloitte global predicts.

Deloitte llp is a limited liability partnership registered in england and wales with registered number oc303675 and its registered office at 1 new street square london ec4a 3hq united kingdom. The practice consists of professionals with extensive practical and consultative experience in the field of records management. The strength of deloitte s records and information management team is its people. We provide benefit to our clients by leveraging the broad multidisciplinary skills and the extensive experience of our practice to create solutions configured to help.