BPI Archives

UK recorded music revenues up 12.8% in 2021

21/03/2022

UK recorded music revenues up 12.8% in 2021 reaching £1.262 Bn according to a recent report by the BPI. This marked the sector’s seventh consecutive year of revenue growth, led by streaming. However, when adjusted for inflation, revenue in 2021 was £368 million below the 2006 CPI-adjusted figure of £1.63 Bn, while using RPI the 2006 figure would have been £1.795 Bn – £534 million higher than the 2021 total. Revenue from streaming again fuelled much of […]

UK music consumption increases for 7th year running

04/01/2022

UK music consumption increases for 7th year running up by 2.5% in 2021 according to figures released by the BPI. The figures based on Official Charts Company data showed that 159 million albums or their equivalent were either streamed or purchased in 2021. The UK consumption total was made up primarily of streams, comprising over 147 Bn individual audio streams, up 5.7% on 2020 and representing an equivalent of 132 million streamed albums (up 5.7%). […]

UK CD sales decline slows in 2021

29/12/2021

UK CD sales decline slows in 2021 whilst vinyl and cassettes continue surge according to preliminary sales figures from the BPI. New figures to be released by record labels’ association the BPI using Official Charts Company data will show that purchases of vinyl LPs and audio cassettes in 2021 continued their surge of recent years. Fans kept showing their love of the album on physical format while also continuing to stream in ever-growing numbers. The Compact disc has been showing […]

Leading music companies commit to reducing carbon footprint

16/12/2021

Leading music companies commit to reducing carbon footprint as part of a wide-ranging commitment to ‘decarbonise’ the global music business in alignment with the latest climate science. The Music Climate Pact has been initiated by the UK’s Association of Independent Music (AIM) in collaboration with the BPI. The founding Signatories of the pact span numerous areas of the music business and include all three major music groups – Sony Music Group, Universal Music Group and […]

National Album Day 2021 a success

25/10/2021

The fourth edition of National Album Day, staged on Saturday, 16th October, has been welcomed as a success by its joint organisers, the BPI and the Entertainment Retailers Association, with the impact reflected in the Official Vinyl Charts, the Official Album Charts and sales overall as well as across media and socials. This year National Album Day celebrated Women in Music and the important contribution they make to the album format. Based on Official Album Charts midweeks, vinyl LP sales on Saturday 16th October […]

Over a quarter of UK music comes from independent labels

21/06/2021

Over a quarter of UK music comes from independent labels according to figures released by the BPI and AIM. In addition, the data, which is drawn from the BPI’s yearbook All About The Music 2021 and based on Official Charts Company data, shows that: UK independent labels’ share of music consumption across streaming and physical formats combined rose for a third successive year in 2020 to reach just under 26% Independent music businesses’ share of Streaming Equivalent […]

UK music exports reach new high in 2020

18/06/2021

UK music exports reach new high in 2020 to over half a billion pounds driven by streaming according to new figures released by the BPI. Earnings increased 6% on 2019 to £519.7 million which makes the UK the largest exporter of music in the world after the US. Around 1 in 10 of all tracks streamed globally are now by a British artist. A BPI report earlier this year, All Around The World, found that with […]