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Thursday 18th December

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Digital Sales Are Half Of Total UK Music Industry Income

Posted at 8:29AM Thursday 20 Feb 2014

Digital revenues now account for 50% of the total UK record industry income, according to the British Phonographic Industry (BPI).

Digital album sales and a surge in streaming boosted total digital revenue in 2013 to £365m - up from £326m (a 45.5% share) in 2012.

Streaming revenue increased by 41%, bringing total UK revenue to £730.4m - the first growth since 2009.

The 1.9% increase comes despite a fall in physical album and single sales.

Income from subscription streaming music services such as Spotify and Deezer was the fastest growing sector, generating £54.7m.

BBC




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