See you on the flip side: #Vinyl and #Streaming dominate 2014
Audiophiles, plastic lovers and retro fanatics will be delighted to know that 2014 was the year ‘vinyl’ came back with a blast from the past.Vinyl turned back the clock and topped 1.3 million sales in the UK in 2014, the highest since 1995.
The British Phonographic Industry released their figures earlier this month showing that vinyl sales were on a steady rise throughout 2014 but hit a sudden surge of sales over the Christmas period. Vinyl is still looking at a niche market, accounting for just two per cent of the total UK music market, according to BPI, but is still showing signs of progression.
Pink Floyd’s ‘ The Endless River’, their first album in 20 years, was the biggest and fastest selling vinyl of 2014, followed by Arctic Monkeys’ ‘AM’ and Royal Blood’s debut album in third.
The vinyl revival also meant a slow decrease in CD sales last year, although 55.7 million compact disc sales were recorded in 2014, a 7.9% decrease from 2013. CD sales and vinyl accommodate 49.9% of album sales last year in the UK.
The UK's top 10 best-selling vinyl albums of 2014 were:
1. Pink Floyd – 'The Endless River'
2. Arctic Monkeys – 'AM'
3. Royal Blood – 'Royal Blood'
4. Oasis – 'Definitely Maybe'
5. Pink Floyd – 'The Dark Side Of The Moon'
6. Jack White – 'Lazaretto'
7. The Stone Roses – 'The Stone Roses'
8. Foo Fighters – 'Sonic Highways'
9. Led Zeppelin – 'Led Zeppelin'
10. Oasis – '(What's The Story) Morning Glory?'
On the flipside of the record, streaming and digital music now accounts for roughly 51% of music consumption in the UK , alongside this, 15 billion songs were streamed from services such as Spotify, Deezer and Google Play, this showed a staggering increase from 7.5 billion in 2013. Streaming is on the rise coming in at 17% of music consumption in the UK.
Digital downloads appear to be maturing as the UK moves slowly towards streaming services as it peaks at just under 30m sales, compared to it’s 32.6m in 2013. Digital sales still account for one-third of all sales in the uk coming in at just short of 35%.
2015 looks to be a busy and testing year for the British music industry, with Spotify now boasting 60 million users and 15 million premium accounts, it looks like it’s now a staple mainstream platform for the UK to enjoy music with ease on a day to day basis, and with vinyl sales looking to increase yet again, it’s safe to say the music industry is back on the rise, both physically and digitally.
How do you enjoy your music; vinyl, streaming, digitally or are you a traditional CD lover?
Join the conversation over on twitter @FollowEpicTimes and hastag your favourite music platfrom, also don't forget to 'hashtag' #Epicvinyl #Epicstreaming in your comments and tweets!