The U.K.’s music market grew 4.6% last year to £1.108b, recording the highest uptick since the turn of the century. Seventy two percent of cash spent on music was done so online, with streaming subscriptions pulling in £418.5m, up 65% year on year, and counting for 38% of total retail spend on music in Blighty.
The stats come courtesy of the Entertainment Retailers Association’s Yearbook, which holds a wealth of insight into the current state of the British music market.
The U.K.’s music market grew 4.6% last year to £1.108b, recording the highest uptick since the turn of the century. Seventy two percent of cash spent on music was done so online, with streaming subscriptions pulling in £418.5m, up 65% year on year, and counting for 38% of total retail spend on music in Blighty.
The stats come courtesy of the Entertainment Retailers Association’s Yearbook, which holds a wealth of insight into the current state of the British music market.
