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NEAR TRUTHS:
DEVELOPING STORIES
The kids are almighty. (8/3a)
LEADING OFF:
RON’S BIG RUN
Not your father's Columbia (8/3a)
ON THE COVER
Happier days are here again. (8/3a)
AN AUGUST HITS LIST
Look at the guns on these giants. (8/3a)
GRAMMY CHEW: SEEING BIEBER
It's high time for Justice in the Academy. (8/4a)
NEW & DEVELOPING ARTISTS
From tender shoots to mighty oaks.
MARKETSHARE MANIA
Let's do the numbers.
DELTA VARIANT
It is not the name of a Henry Miller novel.
IS IT TIME FOR ANOTHER ROCK STORY?
Could be. Dunno.
Blighty Beat
STREAMING HAS ROOM TO GROW
11/20/19

A new report on music streaming in the U.K. suggests the market could double in value over the next five years to £1.6b, according to consultants OC&C, who say that key to the growth is new premium tiers and a variety of entry points.

The U.K.’s streaming market was worth £829m in 2018 and, left as it is, the report predicts that number to reach £1b-£1.1b in 2023—a compound annual growth rate of 5%-7%. Inflation aside, that's a value growth rate of 33%, which is in line with a slowing pattern of growth over the last few years (65.1% in 2016, 41.9% in 2017 and 37.7% in 2018).

However, by targeting committed music fans with super-premium and add-on services and finding ways to tempt current non-subscribers, the report says the market could grow to a range of £1.25b-£1.6b. That's a compound annual growth rate of 12%-18%, and a value growth rate of up to 93% (which is just under the 104% rise in value streaming has experienced in the U.K. from 2016 to 2018).

The Entertainment Retailers’ Association commissioned the report compiled by OC&C, who have expertise advising on subscription models in sectors like mobile telephony, gyms and hotels.

…Read more