Recorded Music Archives

UK music consumption increases for 9th year running

04/01/2024

UK music consumption increases for 9th year running up by 10.0% in 2023 according to figures released by the BPI. The figures based on Official Charts Company data showed that 182.8 million albums or their equivalent were either streamed or purchased in 2023. The UK consumption total was made up primarily of streams, comprising 179.6 Bn streams, up 12.8% on 2022 and more than double total achieved five years earlier. The UK’s streaming market hit another record high in 2023 with […]

UK music consumption increases for 8th year running

15/01/2023

UK music consumption increases for 8th year running up by 4.3% in 2022 according to figures released by the BPI. The figures based on Official Charts Company data showed that 166.1 million albums or their equivalent were either streamed or purchased in 2022. The UK consumption total was made up primarily of streams, comprising 159.3 Bn streams, up 8.2% on 2021 and more than double the volume achieved in 2017, when the market had 68.1 Bn audio […]

US recorded music revenues up 9% in first half of 2022

23/09/2022

US recorded music revenues up 9% in first half of 2022 generating $7.7 Bn at estimated retail value according to the RIAA, building on the strong growth experienced the prior year. The number of paid subscriptions grew to a record high of 90 million, with revenues up 10% to $5.0 Bn and comprising almost two-thirds of the first half total. At wholesale value, revenues grew 8% to $4.9 Bn. Streaming Revenues from streaming music grew […]

India’s recorded music industry grows by a quarter in 2018

05/04/2019

India’s recorded music industry grows by a quarter in 2018 making it the 15th largest music market in the world, according to IFPI figures released by IMI (The Indian Music Industry). The global recorded music market grew by 9.7% in 2018, the fourth consecutive year of growth, according to IFPI, the organization that represents the recorded music industry worldwide. Figures released in IFPI’s Global Music Report 2019 show total revenues for 2018 were US$19.1 billion […]

US music consumption grew 16.2% in 2018

10/01/2019

US music consumption grew 16.2% in 2018 according to BuzzAngle Music, the US chart and music market analyst. In its 2018 Year-End Report, it reported that on-demand audio stream consumption continued to fuel overall growth, increasing 41.8% to 534.6 Bn streams, up from 376.9 Bn streams last year. In the 4th quarter of the year 85% of all audio streams were subscription based. The number of unique titles streamed in 2018 totalled 3 million more […]

UK recorded music consumption grows for 4th consecutive year

09/01/2019

UK recorded music consumption grows for 4th consecutive year according to figures released by the BPI, based on Official Charts Company data. Blockbuster film soundtracks and continued growth in streaming fuelled a near 6% rise in consumption. A total of 142.9 million albums or their equivalent were either streamed, purchased on physical format, and/or downloaded over the past 12 months – corresponding to a 5.7 % rise on the 135.m figure in 2017. Combined UK […]