UK music exports reach record high in 2023 to £775 million driven a range of UK talent according to new figures released by the BPI. Representing the highest level of annual exports since the BPI began its yearly survey of label overseas income in 2000 (£364m) and more than treble the amount of a decade ago in 2013 (£243m), the record figure came in a year that saw a wide range of UK musicians and groups […]
UK music consumption increases for 9th year running up by 10.0% in 2023 according to figures released by the BPI. The figures based on Official Charts Company data showed that 182.8 million albums or their equivalent were either streamed or purchased in 2023. The UK consumption total was made up primarily of streams, comprising 179.6 Bn streams, up 12.8% on 2022 and more than double total achieved five years earlier. The UK’s streaming market hit another record high in 2023 with […]
Streaming is benefitting more artists with streaming success spread across many more artists compared to the CD era according to recent research by the BPI. Based on Official Charts data, the findings show that the 10 leading streaming artists made up just 4.9% of the audio streaming market in the UK last year. This compares to the top 10 artists in 2007, when CD was the leading format, making up 10.9% of that year’s artist […]
UK’s National Album Day returns in October on Saturday the 14th and this year it will be themed around The 90s, following previous celebrations that included The 80s, Women in Music, and, just last year, Debut Albums. It will also help to honour 75 years of the album LP format. Now in its sixth edition, this year’s National Album Day will look to shine a light on a decade that skipped between Britpop, Trip Hop and Hip Hop; gave […]
UK recorded music revenues up 4.7% in 2022 reaching £1.32 Bn according to a recent report by the BPI. This marked the sector’s eighth consecutive year of revenue growth, led by streaming. However, when adjusted for inflation, the figure falls hundreds of millions of pounds below the total reported in 2006. Growth in 2022 was again fuelled by climbing streaming revenues, which rose 6.3% year-on-year to £885 million and which now account for 67.2% of industry revenue – up from […]
UK music consumption increases for 8th year running up by 4.3% in 2022 according to figures released by the BPI. The figures based on Official Charts Company data showed that 166.1 million albums or their equivalent were either streamed or purchased in 2022. The UK consumption total was made up primarily of streams, comprising 159.3 Bn streams, up 8.2% on 2021 and more than double the volume achieved in 2017, when the market had 68.1 Bn audio […]
UK Indie music has fourth consecutive year of growth is one of the insights from the BPI’s recently published annual yearbook All About the Music 2022. This and other observations are based on data from the Official Chart Company and shows that: Independent labels’ share of the UK music market grew to just under 27% in 2021, boosted by classic LP releases and 60 indie albums entering the Top 10 Official Albums Chart Independents’ share […]
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