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US and UK stats offer latest summaries of streaming growth


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US industry body the RIAA has offered some stats from an upcoming last-decade report on the recorded music market in its homeland. Among them: the fact that streaming accounted for 80% of the market in 2019, up from a mere 7% in 2010. Over the same time period, paid streaming subscriptions grew from 1.5m to 61m by the middle of 2019. Separately, the BPI has published its year-end 2019 stats for the UK’s recorded music market, focusing on consumption of music. That was up by 7.5% year-on-year to the equivalent of 154m albums – a metric combining streams and sales – including 114bn audio music streams over 2019. That’s more than 25% growth from 2018’s figure of 91bn streams, although note the ‘audio’ element here: YouTube streams are not included in the total. Digital and physical album sales were down by 28.2% and 22.8% respectively last year in the UK. What all this means for actual music spending in the UK last year will be revealed tomorrow, in figures from the Entertainment Retailers Association.

Stuart Dredge

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