New stats on Britain’s music consumption hint at some lessons in streaming, catalog, and genre that the U.K. music industry might have for its U.S. counterpart
There are an estimated 328 million people living in the United States, while the U.K. counts around 67 million — meaning that, in 2019, the average U.S. citizen spent $26.74 on recorded music, while the average U.K. citizen spent an eerily similar $27.01. Be gone, erroneous cultural assumptions!there are a number of interesting insights like these to be gained about the global music business, and both the U.K. and U.S.’ place within it.
Via this definition, catalogs’ share of the U.K.’s audio-streaming volume rose significantly in 2019, up from a 56.5 percent share in the prior year. Although catalogs naturally get bigger every year — each week that passes adds more to the pile, after all — that’s still a material increase . 2. People don’t listen to music every day — because people are strange — and less than half of them pay for itthat reveals a lot about the modern entertainment business pertains to a consumer survey of more than 3,000 Brits by AudienceNet/Audience Monitor.
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