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Vinyl and Streaming Sparked Music Biz Uptick In The UK

01/07/2016
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(Classic Rock) The resurgence of vinyl sales and a massive rise in streaming numbers in 2015 helped the retail value of the music business rise in Britain for the first time in more than 10 years.

Sales of vinyl rose 64% to 2.1 million and HMV says it sold a turntable every minute over the Christmas shopping period. Meanwhile, trade body the BPI says 26.8 billion songs were streamed last year, a rise of 82%.

The overall value of the music business, which includes physical sales and a percentage of streaming service subscriptions, rose from 1.03billion in 2014 to 1.06bn - the first increase since 2004. Read more here.

Classic Rock Magazine is an official news provider for antiMusic.com.
Copyright Classic Rock Magazine- Excerpted here with permission.

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