UK’s Streaming Music Industry Garners £103 Million from Subscriptions in 2013
By Minal Bopaiah Subscription revenues for streaming music among UK audiences totaled £103 million in 2013, according to a recent report by British music body the BPI and the Official Charts Company. Overall, the music industry garnered more than £1 billion in 2013, and the majority was from album sales. However, while album and single sales saw slight, single-digit decreases, subscription revenue grew by 33%, accounting for 10% of total music revenues. Obviously, that figure does not account for ad-supported streaming,…
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