That’s four times as much as Brits spent on streaming music just five years ago.
LONDON – Streaming sales crossed £1 billion ($1.3 billion) in the U.K. in 2019, helping drive a 7.1% rise in overall music spending, according to year-end figures from the Entertainment Retailers Association.
ERA’s findings follow on the heels of the BPI’s annual report, which found that a record 114 billion tracks were streamed in the U.K. last year and the equivalent of 154 million albums were purchased across all formats, up 7.5% on 2018.
Where ERA’s preliminary figures differ from BPI’s is that they focus on retail spending in the U.K., whereas BPI's measure music consumption levels. Both organizations use Official Charts Company data as the basis for their reporting, although ERA’s streaming numbers are estimates based on information provided by digital services and label trade income reported to BPI.