Vinyl Music Sales Hit 18-Year High in U.K.
More than 1 million records sold for the first time since 1996, led by 'AM' from the Arctic Monkeys
Having mostly been written off in the past by a music industry dominated by digital, vinyl is continuing its resurgence in the U.K. after last year racking up its highest sales in years.
So far this year, more than 1 million vinyl records have been sold in Britain, marking the first time this milestone has been crossed since 1996.
"In an era when we're all talking about digital music, the fact that these beautiful physical artifacts are still as popular as they are is fantastic," said Martin Talbot, managing director of the Official Charts Company, which tracks music sales in Britain, in an interview with the BBC.
"Only five years ago this business was worth around £3 million [$4.7 million] a year. This year it's going to be worth £20 million [$31 million]."
Talbot added that the Official Charts Company is planning to launch a weekly vinyl chart to track the category.
This month, Endless River, Pink Floyd’s first album in 20 years, became the fastest-selling vinyl release in Britain since 1997, racking up 6,000 sales in its first week. 2014’s best-selling vinyl album in the U.K. so far is the Arctic Monkey’s AM, followed by Lazaretto by Jack White.