Pink Floyd Rocks As Vinyl Sales Take Off
According to JB HI Fi sales of vinyl across their stores is up by 24% this year. Specialist dealers such as Len Wallis in Sydney and Carlton Audio in Melbourne are reporting “record sales” of turntables including top end models.
In the UK where vinyl sales are tracked more than one million vinyl records have been sold so far this year, this is the highest in vinyl sales since 1996.
One of the most popular albums in Australia and the UK this year is Pink Floyd’s The Endless River.
In 1996, it was Oasis’ (What’s the Story) Morning Glory, that delivered big vinyl sales, re-issued this year, the same album is one of the best-selling and is now 10th in this week’s UK charts. David Bowie’s album, Nothing Has Changed is also a big hit on vinyl.
The BBC famous for Top of The Pops plans to relaunch 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.
Music industry officials acknowledged that vinyl will likely remain a niche interest and more of an enthusiasts
Analysts claim that the market for vinyl appears to be split into two distinct groups, there is the generation, which grew up with vinyl and like to keep increasing their record collection by continuing to buy music in the format.
The other market is young teenagers who have adopted vinyl as an antidote to the own-nothing trend of services like iTunes and Spotify.
Another group are buying vinyl as an investment.
One survey that seemingly backs up this train of thought was published in April this year, by the ICM Group.
It suggested 15% of physical music – whether vinyl, CD or, less likely, tape – was bought with no intention of ever listening to it.
One analyst said “The difference between vinyl and other formats is that it’s viewed as an art form, really – the audio quality, the sleeve notes, and the cover art.
“Whilst other formats are being superseded every time technology improves, vinyl doesn’t really fit into that category because it’s more than that.” they said.