Nintendo sales

Vinyl album sales overtake UK Playstation games

Vinyl album sales overtake UK Playstation games

Vinyl record sales continue to grow worldwide and the success of the format has just reached a new high in the UK. A new study from the Entertainers Retailers Association (ERA) has officially revealed that vinyl record sales take second place in the UK, recently overtaking Playstation games to grab the position.

The data is in line with recent trends, including the news that UK vinyl record sales hit a 30-year high in 2021, surpassing the 5 million sales mark for the first time since 1991. It is clear that was no accident as the numbers continue to grow in 2022, even as other physical formats lose market share and see sales decline year after year. The overshoot from Playstation, which records games sold strictly for Playstation 4 and 5 units, is largely due to the rate of increase in sales during the period. Playstation games and vinyl recorded an increase in sales, but vinyl saw a 12.2% change, nearly double the 6.5% increase in physical sales of Playstation games. From a financial point of view, the increase in sales also reveals interesting figures. For Playstation 4 and 5 games at this point last year they have grossed £74.7, which is a modest increase, revenues currently sit at £79.6 for the current year. Unlike vinyl records, the medium has grossed £80.9 so far this year, a more significant increase from 2021’s mark of £72.1 at this point in the year. This upward trend in record sales also contrasts sharply with other music formats such as CDs, which saw an 8.1% drop in sales in 2022, to just £68.9 in revenue in 2022. Of course, the last piece of the puzzle is to assess which element holds the number 1 spot for physical formats and that honor belongs to Nintendo Switch. While Switch sales are still ahead of vinyl records, they have taken a hit in recent months and have seen a 12.5% ​​drop in value over the period. The continued resurgence of vinyl certainly seems here to stay and ERA CEO Kim Bayley seems to agree: “The rise and rise of vinyl seems unstoppable. For a 74-year-old analog format, eclipsing the technology of the digital age of gaming platforms is quite extraordinary. Ten years after its long comeback, the vinyl revival is definitely here to stay.

Photo by Erik Mclean on Unsplash