UK music consumption is up in the first six months of the year with ‘explosive growth’ in streaming driving the rise, says the BPI.
According to Official Charts data, released by the BPI, overall consumption of recorded music was up by four percent during the first half of the year when compared with the same period in 2014.
Figures showed that 14.8bn tracks were streamed in 2014, almost twice the total for 2013. However, in the first six months of 2015, this same figure has already reached 11.5bn.
Every week an estimated 480m streams are taking place on dedicated audio services, a number which is expected to increase with the recent launch of Apple Music.
Geoff Taylor, chief executive at the BPI and BRIT Awards, said: ‘The launch of Apple Music will give further impetus to the revolution of music streaming. Millions of households are experiencing the joy of instantly playing any song they want, all around their house and on any device, and exploring a universe of new music and classic albums.’
‘With Sam Smith, Ed Sheeran, George Ezra and Paloma Faith appealing to ever growing fan-bases and great new albums from James Bay, Florence and the Machine, Muse, Mark Ronson, Meghan Trainor and Mumford and Sons, 2015 has got off to a strong start, and the second half of the year looks promising, with more big albums to come.’
Further statistics showed that the decline in physical sales has slowed. In the first half of 2014, sales of CDs, LPs and physical album formats fell by 10.4 per cent compared with a 4.4 percent drop in the same period this year.
Meanwhile. PRS for Music has today (3 July) launched Streamfair, a new initiative aimed at increasing awareness about the need for legislative reform to ensure music creators are rewarded when their music is streamed.
According to Official Charts data, released by the BPI, overall consumption of recorded music was up by four percent during the first half of the year when compared with the same period in 2014.
Figures showed that 14.8bn tracks were streamed in 2014, almost twice the total for 2013. However, in the first six months of 2015, this same figure has already reached 11.5bn.
Every week an estimated 480m streams are taking place on dedicated audio services, a number which is expected to increase with the recent launch of Apple Music.
Geoff Taylor, chief executive at the BPI and BRIT Awards, said: ‘The launch of Apple Music will give further impetus to the revolution of music streaming. Millions of households are experiencing the joy of instantly playing any song they want, all around their house and on any device, and exploring a universe of new music and classic albums.’
‘With Sam Smith, Ed Sheeran, George Ezra and Paloma Faith appealing to ever growing fan-bases and great new albums from James Bay, Florence and the Machine, Muse, Mark Ronson, Meghan Trainor and Mumford and Sons, 2015 has got off to a strong start, and the second half of the year looks promising, with more big albums to come.’
Further statistics showed that the decline in physical sales has slowed. In the first half of 2014, sales of CDs, LPs and physical album formats fell by 10.4 per cent compared with a 4.4 percent drop in the same period this year.
Meanwhile. PRS for Music has today (3 July) launched Streamfair, a new initiative aimed at increasing awareness about the need for legislative reform to ensure music creators are rewarded when their music is streamed.
