Netflix, Spotify and Apple power UK entertainment revenue to record £6.1bn
Digital music and audio | The Guardian 2016-01-25
Summary:
Sales of Adele’s 25 slow decline in music sales enough for music spending to rise for the first time in at least a decade
UK revenue from music, TV shows, films and video games hit an all-time high of £6.1bn in 2015 thanks to the booming popularity of digital services offered by players including Netflix, Amazon, Spotify and Apple.
A surge in digital spending combined with the mega-selling new album by Adele hauled the total UK music market to its first growth in at least a decade, up 3.5% to £1.06bn. The UK music industry saw the number of streams almost double to 27m and physical sales, while flat, were greater than they have been for a decade.
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