UK record industry nears $2bn in pandemic-hit 2020 – but streaming growth slows significantly

Subscription streaming pulls in over $1.5bn in retail revenue alone, according to ERA figures
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Stat Of The Week: People over 45, not Millennials, are driving music subscription growth in the UK

No less than 60% of new subscribers in the past year were 45 or older
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Did Germany just overtake the UK as the world’s third biggest recorded music market?

BVMI numbers are slightly bigger than UK’s for last year – but there’s a caveat
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UK record industry grew by over $100m last year – but is streaming starting to run out of steam?

Another big gain for key market – but first signs of a slowdown are on the cards
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Official: Subscription streaming revenue growth is slowing down in the UK

Is key global market showing very first signs of streaming saturation?
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UK record industry enjoys £109m annual growth – but album sales tanked in 2018

Album sales across physical and digital formats fell by 13.2m
The post UK record industry enjoys £109m annual growth – but album sales tanked in 2018 appeared first on Music Business Worldwide.

ERA: IFPI report ‘disenfranchises’ millions of physical music fans

UK’s Entertainment Retailers Association protests at IFPI report which excludes physical formats
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