2017 – Music Industry Resurgence (Stats)

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The fastest growth rate this century, yes that the music business, digital streaming and the rise of Grime all helped drive the figures released by the Industry body BPI last night, 68.1 billion song streams were played in 2017, up 51.5%, driving a 9.5% overall rise in music consumption, and vinyl was the preferred way to purchase hard copy music.

The popularity of subscription streaming platforms such as Spotify and Apple Music has helped replace revenues lost from the rapid decline in paid-for downloads (-23%) and CDs (-12%).

Resurgent Vinyl soars 26.8%

4m LP’s Sold. Vinyl now accounts for nearly one in 10 physical purchases. Liam Gallagher was one of 2017’s biggest vinyl sellers.

Stormzy outsold Taylor Swift

Grime’s mainstream breakthrough boosted sales with Stormzy, whose Gang Signs & Prayer debut album topped the charts, outselling Taylor Swift’s Reputation. Rag‘n’Bone Man, Sam Smith and Little Mix were the other best-sellers in a strong year for British music.

Is The Album dying ?

Industry insiders said the figures mask a declining audience for new albums, outside of a small elite of big-hitters. Now! That’s What I Call Music compilations scored three of the top five best-selling albums of 2017 and much of the listening on streaming is for back catalogue songs.

Ed Sheeran rules.

Divide was the most streamed and downloaded album of the year as well as being the most purchased on CD and vinyl, selling 2.7m copies overall. Shape of You was also the most listened-to single of the year.

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