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Business News Retail
UK vinyl sales top a million this year
By Chris Cooke | Published on Thursday 27 November 2014
You know how back in October everyone was predicting that vinyl sales this year would top a million? Well, the big news today is that vinyl sales this year have topped a million. The record industry should learn from the politicians, make a pessimistic prediction one month so the good news sounds even better the next.
So yes, over a million vinyl records have been sold in the UK this year, with the format’s sales figures now up at 1996 levels. And with Oasis, David Bowie (pictured), Pink Floyd and Led Zeppelin amongst the best selling vinyl releases, I think people are buying pretty much the same records now as they did back then too. Though Royal Blood have been shifting some proper records as well. Good old Royal Blood.
And now a quote from Official Charts boss Martin Talbot: “In scoring the biggest opening week for a vinyl album this millennium, Pink Floyd’s ‘The Endless River’ illustrates the British public’s renewed love for this format, which is on course to become a £20 million business this year – an incredible turnaround from barely £3 million just five years ago. This resurgence also underlines music fans’ continuing fascination with the album”.
Of course overall the format accounts for about 2% of the recorded music market, so don’t be thinking everyone’s now a vinyl junkie. But still, it’s nice the product is still experiencing growth, and the fact vinyl records are now seen as a premium product means that, with the right fanbase, artists can generate some nice extra revenue this way.
