Very few people in the music industry want to tempt fate by publicly hailing the return of boom times. However, there are indications that 2017 could turn out to be the most impressive year of growth yet in our industry’s recent resurgence.
The publication of first-half figures from the UK’s Entertainment Retailers Association (ERA) yesterday was the latest piece of evidence.
According to ERA, music retail spending – including sales and streaming subscriptions – grew by 11.2% year-on-year to £564.7m in the first half of 2017.