ANOTHER YEAR OF GROWTH

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ANOTHER YEAR OF GROWTH

3/21/19

U.K. record company trade income reached £865.5m in 2018, a rise of 3.1% thanks to continued, albeit slowed, growth in streaming. (That’s about $1.135b). The rise is a fraction of the growth achieved in the two years prior due in part to a large dip in physical revenues.

The stats come from British trade body BPI’s annual yearbook, All About The Music 2019, which trumpets the fact that industry revenues in the U.K. have risen by 21.8% over the last three years of consecutive growth. From 2015–2016, stats were up 6.8% and from 2016—2017 income rose 10.6%.