Streaming accounts for more than half UK record label income

Revenue from Spotify, Amazon and Apple rises as CD sales continue to fall

Music streaming services generated more than half of the income earned by record labels in the UK last year, as CD sales continue to plummet.

Subscription streaming platforms operated by Spotify, Amazon Music and Apple Music, made revenues of £468m in the UK last year, 54% of the £865.5m total income for the recorded music industry. It is the first time that subscription streaming revenues, which grew at 35% year-on-year in 2018, have accounted for more than half of total recorded music revenues for labels.