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Posted on November 27, 2014 by staff

2014 Vinyl Record Sales Hit One Million

2014 Vinyl Record Sales Hit One Million

Music fans have proven they still love the more traditional methods of listening to records, as more than one million vinyls have been sold so far this year.

It’s the first time the milestone has been reached since 1996.

Earlier this month, Pink Floyd’s The Endless River became the fastest-selling vinyl release since 1997.

The figures mark a largely unexpected resurgence in an industry now considered to be dominated by digital, and has sparked plans from the Official Chart Company to launch a weekly vinyl chart.

“In an era when we’re all talking about digital music, the fact that these beautiful physical artefacts are still as popular as they are is fantastic,” said Martin Talbot, managing director of the Official Charts Company.

Speaking to BBC Radio 5 live’s Wake Up To Money, he said: “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 £3million a year. This year it’s going to be worth £20million.”

However, music industry officials acknowledged that vinyl will likely remain a niche interest.

Pink Floyd’s accolade as the fastest-selling vinyl release this century came thanks to just 6,000 sales – a tiny amount in comparison to the numbers amassed by digital formats.

Earlier this week, for instance, One Direction celebrated passing one billion total streams on music service Spotify.

The best-selling vinyl in the last week was David Bowie’s album, Nothing Has Changed.

In 1996, it was Oasis’ (What’s the Story) Morning Glory? providing healthy vinyl sales. Thanks to a re-issue, the same album is one of the best-selling of this year also – the album is 10th in this week’s chart.