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NEAR TRUTHS: KINGDOMS
File under: The enemy of my enemy is my friend. (3/26a)
ONE SHINING HITS LIST
She shoots, she scores! (3/26a)
YTD MARKET SHARE
Zeroing in on the elite teams (3/27a)
BEST IN THE WEST:
STEVE BERMAN
High time for another Eminem skit (3/26a)
MUSIC REVENUE TOPPED $17B IN 2023: RIAA
Streaming subscriptions lead the charge. (3/27a)
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!
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