British industry body the BPI started the year by publishing UK retail-value figures for recorded music in 2013 – £1.04bn for the year, down 0.5% on 2012’s figures. This morning, the BPI followed up with trade revenue stats – money made by labels from recorded music (not broadcasting, synch or 360 deals with artists) once retailers had taken their cuts. The topline: the trade revenues for labels rose 1.9% year-on-year to £730.4m in 2013, with digital accounting for 50% of them. Within that, album downloads were up 19.5% year-on-year to £160.5m in value, while streaming grew 41% to £77m. The BPI further breaks the latter figure down into £54.7m from streaming subscriptions, £19m from ad-supported services and £3m from cloud lockers from the likes of Google, Apple and Amazon. “After over a decade of digital transformation we are now seeing the transition of the recorded music business reach a significant milestone and a return to revenue growth,” said BPI chairman Tony Wadsworth.
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