Reggae Sumfest 2018

Sales of vinyls up 50%

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vinyls-make-comrback.jpgStreaming services are encouraging young music fans to go out and buy vinyl LPs, as they discover the joy of owning a physical copy of their favourite artist.

Research from the music industry suggests streaming music, on services such as Spotify, Deezer and Apple Music, has unexpectedly boosted sales of CDs and vinyl records.

Vinyl sales are up 50 per cent this year, with the industry expecting to sell more than two million by the end of the year.

Even Tesco now stock vinyl LPs after a successful trial selling an Iron Maiden record in the summer.

While CD sales are still falling, the rate of decline has slowed from 20 per cent in 2012 to six per cent in the first six months of this year. They should also receive a late-year boost with Adele's album '25' after she refused to allow it on streaming services.

It had previously been thought the ever-rising figure of recorded audio streams - which grew 78 per cent in 2014 - contributed to the decline of music being bought in tangible form.

But the BPI, the music trade body, and the Entertainment Retailers Association say two thirds of music fans are streaming music to decide if they like it before going out and purchasing their favourite albums.

They are also encouraged to buy an album in hard copy for the more authentic sound quality and the fact more money ends up in the artist's pocket.

Geoff Taylor, Chief Executive BPI and BRIT Awards, said: 'The enduring appeal of CDs and vinyl has surprised many commentators who wrote them off years ago.

'But these physical formats still represent over 40% of UK music consumption, after decades of success.'

Kim Bayley, head of the Entertainment Retailers Association, added: 'This research suggests music fans are a great deal more nuanced in their approach to new forms of technology than they are sometimes given credit for.'

Reggae Sumfest 2018

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Reggae Sumfest 2018