Entertainment Archives

UK music revenues highest in over two decades thanks to streaming

12/01/2024

UK music revenues highest in over two decades thanks to streaming following a 7% increase in overall entertainment sales to £119 Bn in 2023, according to preliminary figures released by digital entertainment and retail association ERA. The main driver of growth in 2023 was streaming and digital services which increased revenues by more than £800m in a year and now account for 91.7% of total revenue. It means the entertainment market has grown by just […]

UK entertainment sales reach record £11.1Bn in 2022

13/01/2023

UK entertainment sales reached a record £11.1Bn in 2022 – an all-time record for music, video and games sales, according to preliminary figures from digital entertainment and retail association ERA. The total was 6.9% up on 2021 and a dramatic 39% up on the last pre-pandemic year of 2019. The main driver of growth continues to be streaming and digital formats which reached £10.1 Bn up 8.4% on 2021. The fastest growing sector in 2022 […]

UK entertainment sales have 7th consecutive year of growth in 2019

06/03/2020

UK entertainment sales have 7th consecutive year of growth in 2019 according to official figures revealed in the Entertainment Retailers Association (ERA) Yearbook. Internet now accounts for 90% of entertainment sales with digital video being the biggest winner in 2019 and PS4 games the biggest loser. Sales reached £7.8 Bn with the biggest winners being digital and the biggest losers being physical sales although they still amounted to £1.4 Bn in 2019. Sales of video, […]

Physical entertainment market continues to decline in UK

17/08/2019

The physical entertainment market continues to decline in UK declining 19% in the 12 weeks to 30th June 2019 according to the retail analyst, Kantar, in a blog posting. This was put down to ‘falling shopper numbers and a lack of big-name release in the music, film and gaming sections. With Amazon Prime Day sales still to be accounted for and new consoles due later this year, the market continues to depend on gift-hunting shoppers […]

Entertainment subscribers overtake buyers in UK

10/03/2019

Entertainment subscribers overtake buyers in UK as new digital services are turning the UK into a country of subscribers rather than entertainment buyers as music follows video and games to become a majority ‘rental’ market for the first time, according to figures in the latest Entertainment Retailers Association (ERA) Yearbook. Revenues for paid-for music subscription services rose 38% in 2018 to £829m and now account for 62% of total recorded music revenues. Ownership formats like […]

Streaming drives UK entertainment sales 9.4% higher in 2018

14/01/2019

Streaming drives UK entertainment sales 9.4% higher in 2018 according to the end of year report from the Entertainment Retailers Association (ERA). This represents the sixth consecutive year of growth. Although the entertainment market is now three quarters digital physical formats have dominated this year’s biggest hits. According to preliminary data compiled by the ERA the entertainment market reached another all-time high of £7.537 Bn in 2018. After a sixth successive year of growth driven […]