The latest figures from the BPI show that total UK recorded music trade income rose 1.4% to £928.8 million last year, thanks to a 47.8% rise in digital income and a more modest decline in CD sales than expected. Digital now accounts for 20.3% of recorded music revenues in the UK at £188.9 million. Another interesting stat: ad-supported streaming music services – a category that includes Spotify, we7, Last.fm and YouTube in the BPI’s definition – generated £8.2 million of trade revenues in the UK last year, up 247% but still only 1% of the total. Subscription services gew by 37.2% to £11.8 million – a figure that includes eMusic, Comes With Music, Napster and Spotify Premium among others.
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…