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RE: Buying Music as an Alternative Investment Strategy
This is interesting . I am aware that there is a "vinyl" industry that has popped up but many of the people making money in the space are not artists. I don't really think it's sustainable and I made a post about why. I was in a pro band for 1 year and quit eventually because while you CAN sell vinyl and other physical products the OVERALL trend is they will disappear. The older generation is largley supporting these buys and when the younger generation grows up they won't even see music as a product to buy let alone play records.
I respect your opinion but it seems to me it's the younger generations that are responsible for the resurgence. Millenials with disposable income are buying records like crazy. Maybe its harder to make money the Pro route but any up and coming artist can do really well on their own with great packaging, limited colors and yes marketing. Thanks for your comment. I'll read your post later today.
Sorry but that's just wrong. I wish you were right though! https://spinditty.com/industry/Who-is-Buying-the-Most-Music-Its-Not-Who-You-Think
I am right.
http://www.economist.com/blogs/prospero/2016/10/new-groove
Ok maybe specifically for vinyl you're correct but RIAA consumer trends report states differently and even the article you posted has a cryptic conclusion: "Whether the uptick will last is yet to be determined: 1-2-3-4 Go! has already noticed a plateau in sales this year. In the meantime, catering to demand is simply good business sense."
My post was about vinyl records, not all music sales, and yes the future is unknown. Thanks for your comments.