THE VINYL RECORD MANUFACTURERS ASSOCIATION ANNOUNCES DATA PARTNERSHIP WITH FUTURESOURCE CONSULTING

March 11, 2024  – The Vinyl Record Manufacturing Association & Making Vinyl has introduced a brand new partnership with the UK-based Futuresource Consulting. The market analysis firm would be the official information associate of the Association, producing a Global Vinyl Market Report for the VRMA and the annual Making Vinyl convention.  The information will embrace annual, quarterly, and regional experiences on the vinyl urgent volumes, product breakdowns, and the variety of energetic crops and urgent traces, along with highlighting key traits.  The first findings shall be offered on the Making Vinyl Conference in Nashville June 4-5. The annual Global Report shall be obtainable to all VRMA members in good standing on the finish of 2024. “VRMA is happy to associate instantly with Futuresource to lastly receive dependable numbers in a traditionally fractured information panorama for vinyl document manufacturing,” says VRMA President Dustin Blocker. “ This partnership will allow our membership to have correct numbers to forecast and make real-world enterprise choices about their firm’s course, in addition to, assist lean out, or bulk up, their on-hand uncooked items.”

James Duvall, Principal Analyst for Entertainment who’s main this mission stated, “Futuresource is happy to be concerned with this partnership. With the help of the broader manufacturing trade, this would be the first time that we’re capable of generate an unparalleled image of the volumes concerned in urgent vinyl at a consolidated degree. Through this information assortment, our goal right here at Futuresource is to supply these within the trade with the data and understanding of how vinyl demand is evolving at a worldwide degree, while additionally establishing key traits for various vinyl sizes and the way the facility of fandom and collectors are influencing customary black vs color urgent. We can’t wait to get began and stay up for working with Making Vinyl and the VRMA on this mission.” 

The change in Luminate, the leisure trade’s preeminent information and insights firm, reporting system for bodily gross sales from indie retailers, was the catalyst for the partnership. Historically, these numbers have been algorithmically calculated,  and the transition to direct reporting from unbiased retailers on the finish of 2023 was carried out, with lower than 5% of shops onboarded to the brand new course of. The VRMA publicly expressed their frustration on the small variety of document shops contributing to the weekly gross sales exercise appearing because the consultant base for the whole lot of the Indie Retail market section in a joint assertion with the Vinyl Alliance issued on December 4th, 2023 which might be learn HERE.   The VRMA is dedicated to accuracy in information and reporting, and this alteration is a dramatic departure from the previous apply is one that may unfairly decrease numbers, making a seismic change in offering true perception into the significance and scope of each bodily media and unbiased retailers and their impression on the make-up of the music enterprise panorama.

“Understanding the intricacies of vinyl document manufacturing isn’t nearly preserving the previous; it’s about steering the long run,” says VRMA Managing Director and Making Vinyl co-founder Bryan Ekus. “In an trade pushed by nostalgia and innovation, having complete information on vinyl manufacturing is paramount to navigating its evolving course.”

ABOUT THE VRMA

The VRMA is knowledgeable commerce affiliation of unbiased companies dedicated to the craft of vinyl document manufacturing by means of collaboration, advocacy, standardization, and schooling. The affiliation serves to advocate and promote the vinyl document manufacturing trade whereas offering the most recent and most correct data to the trade at massive. The affiliation affords a discussion board for member corporations to have interaction in ongoing discussions and supply exterior communications regarding varied points and alternatives associated to different new applied sciences that will emerge. 

ABOUT FUTURESOURCE

Futuresource Consulting is a market analysis consulting firm that gives a spread of specialist intelligence experiences and ongoing private debriefs to help enterprise decision-making. We satisfaction ourselves on delivering fact-based insights and market forecasts on a worldwide scale – advising on strategic positioning, figuring out key traits, analyzing rivals, and underpinning main technological developments.

All providers are tailor-made to the person wants of every consumer to ship the very best outcomes, starting from bespoke customized analysis and end-user evaluation by means of to multi-client subscription providers and enterprise intelligence platforms.

ABOUT MAKING VINYL

Making Vinyl Conference is the premier occasion devoted to the worldwide resurgence of vinyl records. This annual convention brings collectively key gamers from each aspect of the vinyl manufacturing and distribution trade, together with document labels, urgent crops, packaging specialists, retailers, and fanatics. Attendees collect to share insights, trade concepts, and discover improvements shaping the way forward for vinyl.  

For More Information Contact

Nicole Poulos // [email protected] // 310-908-3812