BPI, the British music industry group, released its 2019 trade income report. The results reflect the income generated by record labels during the year. Thanks to annual growth of 7.3%, record label trade income reached nearly £1.07 billion. Continue Reading
The UK’s BPI teamed with MusicAlly for a new report on music and podcasts. Their report recapped some existing research on podcast listening from sources such as The Infinite Dial, RAJAR, and the IAB, but it also offered some original research into how the audio format can be a tool for the music industry. The two organizations conducted an online survey of labels, artist managers, music publishers, distributors, and label services for their stances on the potential of podcasts. Continue Reading
BPI has published its 2019 yearbook, a report with more important numbers about the impact of streaming in the UK market. The 2019 edition found that recorded music revenue in the UK rose 20% over three years. Continue Reading
The UK posted a rise of nearly 6% in music consumption during 2018 on the back of more growth in streaming, according to data from BPI and the Official Charts Company. Total music consumption for the year — including purchases, downloads, and streams — was 142.9 million albums and album equivalents. Continue Reading
BPI released its 2018 yearbook, with data and statistics about the previous year’s performance for the UK music industry. Total revenue across all music sources grew 10.6% to £839 million. This year marked the first time the streaming revenue in the UK has exceeded physical format revenue. Continue Reading
The British Phonographic Industry reported big numbers in music consumption for 2017, particularly in streaming. Total consumption for the year increased 9.5% to a total of 135.1 million albums and album-equivalents. The year saw 68.1 billion audio streams served, reaching more than half of the UK’s music consumption. Continue Reading
Brief news items and worthy reads from around the web: A video experiment from Spotify; Troy Carter on music’s value chain; UK streaming data; FCC votes to start dismantling net neutrality. Continue Reading
The British Phonographic Industry reported that the UK music industry saw 5.1% revenue growth in 2016. The year’s performance of £926 million in trade income marks a five-year high. Following the trends we’ve seen for 2016 across many countries, the UK results stemmed from a 61% increase to streaming revenues. Continue Reading
The British Phonographic Industry released its official 2016 annual report. Total music consumption for the year rose 1.5% to 123 million album equivalent sales. The past year saw 45 billion audio streams served to UK listeners. Continue Reading
BPI, the British Phonographic Industry, has created a new initiative focused on bringing technology into its work in new ways. The BPI Innovation Hub will meet quarterly to connect tech companies with record labels. Continue Reading
The British Phonographic Industry is no stranger to the siege against YouTube, but it has launched another volley against the video platform. In its Music Market 2016 report, the BPI highlighted the revenue disparities delivered by subscription streaming and album sales, and by ad-supported freemium services. Continue Reading
The British Phonographic Industry has released its music market report for 2015. It finds that UK music consumption rose 4% in 2015 to a retail value of £1.1 billion. Last year saw 26.8 billion streams served to UK listeners, an 82% increase over the previous year, which put it at more than a fifth of the UK’s total music consumption. Continue Reading