Jan 3, 2018
UK music sales hit high note as streaming services boom
Music sales in the UK have risen at the fastest rate since the turn of the century, driven by the continued boom in streaming services and led by artists such as Ed Sheeran. The BPI, the music industry trade body, said that services such as Spotify, Apple Music and Deezer drove a 9.5 per cent rise in music consumption in 2017, with the 68.1bn songs streamed last year accounting for more than half of overall music consumption. "The music industry still has a long way to go to recover fully. Structural challenges must be overcome if long-term growth is to be sustained," he said. The Entertainment Retailers Association said sales of overall entertainment products, which include music, video games and movies, also hit an all-time high of £7.2bn sales last year with digital services accounting for 71 per cent of that. Music accounted for just 16 per cent of the UK entertainment market.
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