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Sales surge as music fans indulge in classic LPs during coronavirus lockdown
Record labels are on track to make more money this year from the sale of vinyl records than the once-mighty CD for the first time since the 1980s, as pandemic music buying habits accelerate the revival of the classic LP.
UK record labels enjoyed a 30% boost in income from the sale of vinyl records last year to £86.5m, the highest total since 1989, as fans unable to attend live music because of pandemic restrictions spent their spare cash on building up their record collections. The number of vinyl records sold, led by classics such as Fleetwood Mac’s Rumours alongside new releases from Harry Styles and Kylie Minogue, also hit a three-decade high of 4.8m last year. Continue reading...