Streaming Music Services Help UK Entertainment Double Its Growth Rate
Ed Sheeran trumps Star Wars and Fantastic Beasts to deliver 2017's biggest seller so far
By Eric de Fontenay (Founder & Publisher) [08-07-2017]
Music, video and games sales surged by 6.4% to £2.997m in the first six months of 2017 compared with £2.817m in the same period of 2016, according to figures released by UK's Entertainment Retailers Association. It marks a sharp acceleration on the growth seen in calendar 2016 when sales grew 3% compared with 2015. Music was the star performer of the three sectors, growing 11.2% in the first half of 2017 compared with the same period of 2016.
Music also delivered the biggest-selling title in ERA's Entertainment Chart combining sales of music, video and games, with Ed Sheeran's Divide selling 2.065m units, well ahead of Rogue One - A Star Wars Story with sales of 1.18m and Fantastic Beasts And Where To Find Them on 1.032m.
The numbers show a continuing shift to digital formats with three quarters (75.4%) of revenues now accounted for by digital.
The exception to the rule continues to be vinyl LPs. Vinyl sales increased 35.7% by volume to 1.9m units in the first half of 2017, with value increasing 37.6% to £37.3m.
Ed Sheeran's Divide has already broken countless records - including placing every track in the Official UK Singles Chart - and ERA figures now reveal it was also the biggest-selling entertainment product of the first six months of 2017.
Copyright © 1997-2018 MusicDish LLC., all rights reserved.
About MusicDish e-Journal | Contact Us | Advertise | RSS | Internships