Vinyl and streaming sales offset CD decline in United Kingdom music sales

Katie RamirezЯнв 04, 2017

The total market grew by 1.5 percent previous year, to 123 million albums or their equivalent streamed, purchased on physical format, or downloaded for purchase.

It's not just United Kingdom listeners making streaming so popular in the country as United Kingdom music dominated a year ago, accounting for 7 of the 10 best-selling artists albums.

Data from the Official Charts Company (OCC) and United Kingdom labels' association BPI have shown that 123 million albums, or their equivalent, were either streamed, purchased on physical format, or downloaded by United Kingdom music consumers a year ago.

Streaming services, which offer unlimited on-demand music online, have grown rapidly in recent years and brought new growth to a long-stagnant industry.

More than 76 per cent of audio streams last year were through subscriptions, well up from 62 per cent a year earlier. Released in November 2015, 25 was also the best-selling album of 2015.

Vinyl sales, which reached a 25-year high, and a continued increase in streaming offset decline in CD sales as music consumption rose last year, according to official music industry figures.

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People paying for the likes of Spotify and Apple Music played more music streams in the USA a year ago than users of YouTube - in a dramatic market reversal.

In a sign of the rapid transformation of the industry, BuzzAngle Music said that more U.S. listeners were streaming songs on any given day in 2016 than paid for downloads over the whole year.

"We believe this performance is indicative of the promise of a new era for music, where recorded music's investments in a digital future fuel compelling benefits for fans, artists and the entire music ecosystem". Applying a like-for-like sales metric over a 52 week period, the rise in music consumption would have been higher at around 4 percent.

Overall, album sales declined as well, though interestingly enough, there was a major spike in vinyl album sales, which rose 25.9 percent. David Bowie's Blackstar was the year's biggest-selling vinyl album and Bowie had four other albums in the Top 30 vinyl albums of the year.

U.S. listeners streamed songs more than 191 billion times in 2016 through subscription services, growing an impressive 124.3 per cent from a year earlier.

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