In its Digital Music Nation 2013 report, the organisation said that the UK is now one of the world’s most innovative, diverse and advanced online music markets.
Digital now accounts for 99.6 percent of all singles sold, while 30.5m digital albums were sold in 2012, up 14.8 percent year-on-year.
Meanwhile the music streaming market is now worth more than £49m to British record labels, accounting for 15.2 percent of digital trade income. Last year alone, each household streamed 140 tracks on average.
The report also cites findings from Kantar Worldpanel, which state that more than one in four (27.7 percent) people purchased downloads or streamed content using one of the 70+ legal digital music services in the UK last year – double the number of Brits (14.5 percent) using peer-to-peer networks to fileshare tracks illegally.
Almost one in five (19.6 percent) consumers have fully transitioned from physical to digital music, preferring to buy all their music in download format.
It also found that average music spend of legal-only music consumers (£33.43) to be substantially more than the spend of filesharers (£26.64).
You can download the full report at https://www.bpi.co.uk/assets/files/BPI_Digital_Music_Nation_2013.PDF
Digital now accounts for 99.6 percent of all singles sold, while 30.5m digital albums were sold in 2012, up 14.8 percent year-on-year.
Meanwhile the music streaming market is now worth more than £49m to British record labels, accounting for 15.2 percent of digital trade income. Last year alone, each household streamed 140 tracks on average.
The report also cites findings from Kantar Worldpanel, which state that more than one in four (27.7 percent) people purchased downloads or streamed content using one of the 70+ legal digital music services in the UK last year – double the number of Brits (14.5 percent) using peer-to-peer networks to fileshare tracks illegally.
Almost one in five (19.6 percent) consumers have fully transitioned from physical to digital music, preferring to buy all their music in download format.
It also found that average music spend of legal-only music consumers (£33.43) to be substantially more than the spend of filesharers (£26.64).
You can download the full report at https://www.bpi.co.uk/assets/files/BPI_Digital_Music_Nation_2013.PDF
