Thursday, 7 January 2016

Netflix, Spotify and Apple power UK entertainment revenue to record £6.1bn

Adele helped British CD sales experience the smallest rate of decline in a decade.

http://www.theguardian.com/media/2016/jan/06/netflix-spotify-apple-uk-entertainment-revenue-adele
Sales of Adele’s 25 slow decline in music sales enough for music spending to rise for the first time in at least a decade. UK revenue from music, TV shows, films and video games hit an all-time high of £6.1bn in 2015 thanks to the booming popularity of digital services offered by players including Netflix, Amazon, Spotify and Apple. The digital revolution was also felt in the UK music industry where the number of streams rose a staggering 82% year-on-year which resulted in an estimated 50% rise in streaming revenues to £251m, hauled the total UK music sales market to its first growth in at least a decade, up 3.5% to £1.06bn. This article explains that new digital media is growing larger and it made a big rise in 2015 for the music and entertainment industry.

1.Ed Sheeran tops the most streamed artist list, which boasts five British acts in the top 10 including One Direction and Sam Smith.

2.The total UK games market saw sales rise by 10% to £2.8bn. Digital sales from online and mobile services accounted for most of this growth, rising 17% to £1.9bn. Physical sales of games fell 2.2% to £927m.

3.The rise in popularity of paying for TV content from the likes of Netflix, Apple’s iTunes, Sky Store and Amazon Prime fuelled a 30% surge in digital video revenues to top £1bn for the first time (£1.09bn).

In my opinion i think this is a good article explaining the rise of new digital media and the growth of the industry. It gives the idea that new digital media is growing and it could be bigger over the years coming. I believe that it will be bigger in 2016 and will keep going higher to the point where the billion pounds will be a big estimated hit. This shows streaming online is become a big source for entertainment and for music this would be also good for games as you can download them on a console. Spotify and Netflix are good for entertainment and it would be growing more with there new changes happening as to being available to different countries.

No comments:

Post a Comment