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
BPI and the Official Charts Company analyzed data about the most popular genres in streaming. The numbers showed that streaming of dance music is growing faster than other styles, with the number of audio streams in the year-to-date increasing 107% over 2014. Continue Reading
Brief news items and worthy reads from around the web: More orchestras join Google’s Classical Live; data on teens, tweens, and media; BPI’s CEO delivers keynote speech. Continue Reading
On the Move tracks hires, promotions, and other notable personnel changes within the online audio industry. Today’s changes include a new appointment at Universal, a departure from BPI, and a changing role at Google. Continue Reading
Earlier this week, the BBC unveiled its commitment to making its service more Internet-friendly, including plans for a streaming music service. Geoff Taylor, CEO of the BPI, addressed this as-yet non-existent streaming service by demanding that it pay to license the songs whenever it does come to be. “The starting point for some of the BBC’s suggestions around how such a service might work involved launching such a service but paying no money for it – and I just don’t think that’s viable,” Taylor said. Continue Reading