Over the past few years, we have heard reports about how vinyl sales are on the rise.
Now according to new reports, sales of vinyl in 2016 reached a 25-year high as consumers young and old have once again embraced physical formats of music.
The British Phonographic Industry (BPI), the association of various U.K. record labels that promotes the recording industry, said sales of vinyl albums rose to 3.2 million in 2016. This supposedly represents a 53% increase from the previous year, with David Bowie’s Blackstar album being the most popular. The figure is the highest annual total since 1991, when Simply Red's Stars was the best-selling album.
However, vinyl still only accounts for 2.6% of the overall music market - and while it continues to enjoy a resurgence, sales of CDs and downloads are falling rapidly.
Top 10 vinyl albums of 2016
- David Bowie / Blackstar
- Amy Winehouse / Back To Black
- Various Artists / Guardians Of The Galaxy
- Radiohead / A Moon Shaped Pool
- Fleetwood Mac / Rumours
- The Stone Roses / The Stone Roses
- Bob Marley And The Wailers / Legend
- The Beatles / Sgt. Pepper’s Lonely Hearts Club Band
- Prince & The Revolution / Purple Rain
- Nirvana / Nevermind
According to a study conducted last year by ICM Unlimited, though, 48 percent of vinyl buyers don't play their purchases and 7 percent don't even own a turntable -- suggesting that many consumers buy the format for its aesthetic and collector value, rather than the analogue sound.
Geoff Taylor, chief executive of BPI and the Brit Awards, said: "Growth in UK music consumption in 2016 was fuelled by the explosive rise in audio streaming, which has increased 500% since 2013, and relative resilience from physical formats.
"Led by sales of David Bowie, demand for vinyl jumped to levels not seen since the start of the Nineties, and fans also bought and collected music on CD that they are discovering and enjoying through streaming services in ever larger numbers.
"We believe this performance is indicative of the promise of a new era for music, where recorded music's investments in a digital future fuel compelling benefits for fans, artists and the entire music ecosystem."
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