Quantcast
STATE OF THE U.K. MUSIC MARKET: 2016

The U.K. recorded music market’s consumption in 2016, driven by a 68% rise in streaming, increased 1.5% with a loose valuation of around £1bn. Numbers come from trade body BPI and the Official Charts Company, and there’s more within.

The Album Equivalent Sales (AES) metric is used to calculate the volume of music consumption, and the value is an estimate that doesn’t include income derived from ad-supported audio streams (as in previous years).

That value estimate was £1bn in 2016, and clearer numbers will come via the Entertainment Retailer's Association later this week. As it stands, it's down £0.06bn from 2015, and £0.02bn from 2014. 123m albums or equivalents were either streamed, purchased on physical format, or downloaded by U.K. music consumers in 2016. Consumption is up 1.5% on 2015 (which benefited from an extra week’s trading as a 53 week chart year).

45bn audio streams happened on services like Spotify, Apple Music, Deezer and Tidal in Blighty last year—up 68% on 2015 (that stat doesn’t include YouTube). Audio streaming now accounts for 36.4% of all U.K. music consumption.

CD sales are down 11.7% year-on-year in 2016, and, combined with vinyl LP, CD and physical formats, account for 41% of U.K. music consumption in terms of volume. Downloaded albums and singles account for 22.6%.

Vinyl enjoyed another stellar year with over 3.2m LPs sold—a 53% rise on 2015 and the highest annual total in a quarter of a century since 1991. Vinyl LPs now account for nearly 5% of the albums market.

SURF’S UP
FOR HITS LIST
Good vibrations (3/8a)
SPEAKING OF BESPOKE: THE BEN WINSTON INTERVIEW
Carpool Karaoke dude's in the driver's seat. (3/8a)
BHASKAR MENON,
1934-2021
EMI architect had a remarkable career. (3/8a)
GRAMMY PERFORMER LINEUP REVEALED
Is there more to come? You better believe it. (3/8a)
GRAMMY WEEK KICKS OFF
Hear we go again... but virtually this time. (3/8a)
BLACK HISTORY MONTH
A jazz chronicle of fighting the power.
GRAMMYS: WHERE TO FROM HERE?
After the snubs, the show.
ACQUITTED
In a phenomenal display of cowardice.
MOVING THE NEEDLE
When vaccination schedules and touring schedules meet.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)