British Music Set for Further Growth as 2018 Figures show 5.8% Boost

January 8, 2019

According to official figures released by the BPI, UK music consumption across all formats (combined) grew for a fourth consecutive year.

Based on Official Charts Company data, combined UK sales and streams of recorded music have now grown by over a fifth (22%) since 2014. 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 2017 135.1m figure, and an estimated retail value of £1.33 billion.

In an official press release, the BPI stated that “with continued purchasing of new and catalogue releases on physical format encourages the view that more people are consuming more music than ever before.”

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