Pink Floyd's latest is fastest selling vinyl album of the century
Annual sales of vinyl albums have surpassed a million for the first time since the 1990s.
As predicted earlier this year, an upturn in sales for the physical format, beloved of collectors but once considered obsolete, has matched a peak last seen in 1996, when sales of Britpop LPs were a driving force behind 1,083,206 sales.
The news was announced today (November 27) by the BPI, the trade body which represents the nation’s record labels. They report that the best-selling vinyl album of the year to date is ‘AM’ by Arctic Monkeys, which was released in 2013, though this week’s best-seller is David Bowie’s ‘Nothing Has Changed’. A spokesperson for the BPI also cited Royal Blood and the annual Record Store Day event as helping to drive the sales.
Last week’s Number One, Pink Floyd’s ‘The Endless River’, sold 6,000 copies in its first week of sales, the highest first-week sales of any vinyl LP released since 1997, and therefore the fastest-selling vinyl album this century. Vinyl sales have increased fivefold since 2009.
Official Charts Chief Executive, Martin Talbot, said: “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 £3m just five years ago. This resurgence also underlines music fans’ continuing fascination with the album.”
The total sales of vinyl albums in 2013 amounted to 780,674.
Vinyl sales still only account for around two per cent of all UK album revenue. CD sales stand at around 64 percent and digital album sales at around 35 percent.