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Vinyl sales continue to rise as nearly ten million albums are sold this year

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Publishing their third quarterly report, Nielsen Music have presented their latest sales figures diagnosing the health of the music economy over the past nine months.

As The Vinyl Factory reports: “While both physical and digital album sales were down 13.3% and 19.5% respectively, vinyl sales continued to grow, adding 3.1% to 2016’s total of 9.07 million units. Closing in on the 10 million mark with the three months still remaining in 2017, the total of 9.35 million units sold gives vinyl 16% of the physical album sales market – its highest share in the post-CD era.”

And, unsurprisingly, it’s the Beatles Sgt. Pepper’s Lonely Hearts Club Band leading the pack, having sold 40,000 units in the year of it’s landmark 50th anniversary.

Streaming, however, remains dominant, as total on-demand streams reach 442.44 billion – up an impressive 40.5% on the first three quarters of 2016.

Owen Jones

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