Saturday, 29 November 2014

Vinyl record sales hit 18-year high

More than one million vinyl records have been sold in the UK so far this year - the first time the milestone has been achieved since 1996. The figures mark a largely unexpected resurgence in an industry now considered to be dominated by digital. Earlier this month, Pink Floyd's The Endless River became the fastest-selling vinyl release since 1997. The Official Chart Company told the BBC it will soon 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 £3m a year. This year it's going to be worth £20m."READ MORE-http://www.bbc.co.uk/news/technology-30216638

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