Fact #175213
When:
Short story:
The BPI announces, in its end of year market report, that 143m albums or their equivalent were either streamed, purchased or downloaded in 2018; 91bn audio streams were served, up 34%, including 2bn streams in a single week for the first time. George Ezra's Staying At Tamara’s was the biggest-selling album released in 2018, but the soundtrack to The Greatest Showman was the year's biggest seller overall, spending half the year at No.1.
Full article:
Geoff Taylor (Chief Executive BPI & BRIT Awards) : 2018 saw another strong performance from the British recorded music business as consumers deepen their engagement with music in its myriad forms. Complemented by collectible physical formats on vinyl, CD and super deluxe box sets, streaming services are enabling more people to discover, enjoy and instantly share music they love.
Music’s global reach is also being extended by blockbuster movie soundtracks, such as The Greatest Showman, A Star is Born, Mamma Mia! Here We Go Again, and Bohemian Rhapsody.
Britain’s innovative labels are playing a key role in nurturing the new talent, such as BRITs 2019 Critics’ Choice recipient, Sam Fender, that continually refreshes fans’ engagement with music.
But, as we are already seeing, including with the news that HMV has gone into administration, continuing growth could be put at risk if a hard Brexit further harms consumer confidence or Government fails to ensure that all platforms using music pay fairly for it. If these risks are avoided, British music remains poised for further growth.
(Source : official statement)
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Music’s global reach is also being extended by blockbuster movie soundtracks, such as The Greatest Showman, A Star is Born, Mamma Mia! Here We Go Again, and Bohemian Rhapsody.
Britain’s innovative labels are playing a key role in nurturing the new talent, such as BRITs 2019 Critics’ Choice recipient, Sam Fender, that continually refreshes fans’ engagement with music.
But, as we are already seeing, including with the news that HMV has gone into administration, continuing growth could be put at risk if a hard Brexit further harms consumer confidence or Government fails to ensure that all platforms using music pay fairly for it. If these risks are avoided, British music remains poised for further growth.
(Source : official statement)