The resurgence continues as sales top one million for the first time since 1996.
With record shops springing up on a weekly basis and sales figures records regularly being broken, murmurs of a vinyl revival have been growing louder for some time now – although now it appears its official. For the first time since 1996, sales of vinyl records in the UK have surpassed one million, with Pink Floyd’s recently released ambient album ‘The Endless River’ contributing to this figure when it became the fastest selling release since 1997. As confirmation of this resurgence , the Official Chart Company have now announced they will be launching a weekly vinyl chart. Speaking to BBC Radio 5 live’s Wake Up To The Money, the Official Chart Company’s managing director Martin Talbot said of the development, “”It’s really remarkable. We’re seeing it come back as a significant earner for the music industry as well. Only five years ago this business was worth around £3m a year. This year it’s going to be worth £20m”.
Final sales for 2014 for the year are expected to reach around the 1.2 million units mark, with the highest selling album during this time period set to be David Bowie’s ‘Nothing Has Changed’. Although most industry experts still expect vinyl to remain a comparatively niche concern compared to other formats, the news is most definitely encouraging.