Major Labels See Vinyl Resurgence As Just A Trend
. (Classic Rock) Record industry bosses see the resurgence in vinyl sales as a passing fad, it's been reported. Last year vinyl sales pushed through the one million mark in the UK for the first time since 1996, thanks to albums like Pink Floyd's The Endless River and Jack White's Lazaretto. But industry analysts Neilson Soundscan say vinyl accounts for just 6% of total album sales - a figure that record companies say isn't having a huge effect on their business. Rolling Stone reports that Tom Corson, president of Sony-owned RCA Records, says his company doesn't have a department devoted to vinyl, although he welcomes the increased interest in the format. He says: "It is a small percentage of our business. It's not going to make or break our year. We devote the right amount of resources to it, but it's not something where we have a department for it. We welcome it. It's a sexy, cool product. It represents an investment in music that's an emotional one." Read more here. Classic Rock Magazine is an official news provider for antiMusic.com.
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