6 May 1969: For the first time ever in 1968,production of albums in Britain exceeded that of singlesThe British record industry made its biggest transition in 1968 - it will not be capped until the time (perhaps in five years?) when tape cassettes overtake record sales. I quote from a recent issue of the “ recent Musical Express”: “For the first time ever in 1968, production of albums in Britain exceeded that of singles. A total of 49184000 LPs were manufactured during the year, or compared with 49161000 singles. This figure represents an increase of 11 million albums over the 1967 total.” In America,where over 80 per cent of the revenue of the record industry comes from album sales, it is well realised that “the charts” do not just refer to singles. “Billboard” magazine gives equal prominence to single and album charts. Continue reading...
Source: theguardian.com