UK Archives

UK entertainment sales boom during lockdown

09/01/2021

UK entertainment sales boom during lockdown with entertainment sales increasing in 2020 by 16.8% to £9.05 Bn according to preliminary data compiled by the Entertainment Retailers Association (ERA). It was the fastest growth rate since records began, driven above all by digital services, who saw revenues increase by £1.4 Bn over 2019 to a new high of £7.8 Bn. Digital video services spearheaded by Netflix, Disney+ and Amazon Prime Video increased revenues by a remarkable 37.7% over 2019 while […]

Music consumption in UK up 8.2% in 2020

04/01/2021

Music consumption in UK up 8.2% in 2020 with 155 million albums or their equivalent either streamed or purchased with growth led by streaming fuelled by label investment. The figures were released today by the BPI, based on Official Charts Company data. The increase in consumption was achieved despite the disruption caused by the COVID-19 pandemic, which has had a devastating effect on the live music sector. Demand initially dipped around the start of the […]

1 in 10 songs streamed globally are by British artists

02/01/2021

1 in 10 songs streamed globally are by British artists with the UK share four times its GDP share according the BPI. The analysis is based on the music charts of 14 major markets which represents around three quarters of global recorded music consumption. The 10.1% share of global streaming is four times greater than its share of global GDP (2.2.%) underlining the UK’s exceptional performance in music. The 1 in 10 result highlights the […]

UK vinyl and cassette sales surge in 2020

29/12/2020

UK vinyl and cassette sales surge in 2020 with vinyl sales worth twice as much as music video streaming platforms, such as YouTube, despite the tens of billions of videos watched every year. New figures released by the BPI based on provisional Official Charts Company data for the year show that alongside continued growth in streaming, which now accounts for around 80% of UK music consumption, sales of vinyl LPs and audio cassettes surged ahead in 2020. […]

Music industry contributes £5.8 Bn to UK economy

21/11/2020

Music industry contributes £5.8 Bn to UK economy with music tourism contributing another £4.7 Bn in benefits according to a new report by UK Music. The Music By Numbers 2020 report contains details of the contribution of the live and recorded music sectors of the British music industry to the economy. The report shows that the UK music industry continued to grow in 2019 across every sector before the COVID enforced shutdown hit in early […]

Music supports 2 million jobs in EU and UK

17/11/2020

Music supports 2 million jobs in EU and UK and contributes €81.9 Bn annually to the economy according to a study by Oxford Economics commissioned by IFPI. The study, entitled The Economic Impact of Music in Europe, using 2018 data, found that music’s annual economic contributions to the EU28 include: Supporting two million jobs Contributing €81.9 billion in gross value added to GDP, and Exporting €9.7 billion worth of goods and services to countries outside […]

UK Music publishes 2020 Music Diversity Survey

29/10/2020

UK Music publishes 2020 Music Diversity Survey and unveils a Ten Point Plan to put the music business ‘front and centre’ of the drive to tackle racism and boost diversity in Britain. Since its launch in 2016, the survey has tracked progress to boost diversity and inclusion in the UK’s music industry that contributes £5.2 billion a year to the UK economy and sustains 190,000 jobs. Key findings of the 2020 Music Diversity Survey Representation […]