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u.k. entertainment market posts 'historic' results, music generates strong gains

u.k. entertainment market posts 'historic' results, music generates strong gains Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



u.k. entertainment market posts 'historic' results, music generates strong gains

the u.k. music industry grew to £1.2 billion ($1.621 billion), a 9.6% increase over the nearly £1.1 billion ($1.48 billion) generated in 2016, according to interim data compiled by the entertainment retail assn., a trade association representing digital services and retailers that sell entertainment software. of that, streaming was the largest component with £577.1 million ($778.6 million), growing 41.9% from £406.6 million ($548.6 million) in the prior year. along the way, streaming also surpassed physical as the top channel, which allied revenue of £459.2 million ($619.5 million), a 3.4% decline from the £475.4 million ($641.4 million) the formats generated in 2016. within physical, vinyl grew 33.7% to £87.5 million ($118.05 millio...