LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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The retail value of the U.K.’s music market rose 9.6% in 2017 to hit £1.2b ($1.63b) as income earned from streaming services soared 41.9% in value. Eight out of the Top 10 best-selling albums came from British artists, and three were solo debuts.
The bad news? Downloads dipped 23.1% and physical sales declined 3.4%.
The 9.6% rise is almost double that achieved the year prior, when the market tallied £1.108b, according to preliminary stats from the Entertainment Retailer’s Association. Growth in revenue earned from paid streaming subscription tiers (ad-supported streams aren’t counted) was behind the success, where income rose 41.9% to £577.1m ($784m) from £406.6m in 2016—exceeding the half-a-billion mark for the first time.
In terms of best selling albums, the three debuts come from Rag’n’Bone Man (Columbia) at #2, Liam Gallagher (Warner Bros.) at #9 and Stormzy (#Merky) at #10. Returning acts include Ed Sheeran (Atlantic) at #1, followed by Sam Smith (Capitol) at #2, Little Mix (Syco) at #4 and Michael Ball& Alfie Boe (Decca) at #7. That’s a marked improvement on 2016 when no debuts released that year made the Top 10 and the Top 2 best sellers (from Adele and Coldplay) were released the year prior.