UK entertainment spending rises with surge in film and music streaming

Value of film and TV downloads, streams and subscriptions rises to £621m, and number of tracks streamed doubles to 7.4bnAfter five years of decline, sales of entertainment products such as music, films and video games were growing again last year because of booming digital services such as Netflix and Spotify, according to figures published on Wednesday.The surge in popularity of watching TV and films on the likes of Netflix, Amazon's LoveFilm and Apple's iTunes fuelled a 40% increase in spending on digital videos with downloads, streams and subscriptions rising to £621m, according to the Entertainment Retailers Association (ERA). The digital revolution was also felt in the UK music industry, where the number of tracks streamed doubled to 7.4bn, thanks to a rise in users of services such as Spotify and Deezer, which have almost halted a 10-year decline in music sales.The shift to digital viewing more than offset a 6.8% fall in the sale of physical DVDs to £1.4bn, reversing a five-year decline in total video sales, which managed 3.7% growth to £2.06bn last year."Services like Netflix, LoveFilm and Blinkbox are transforming the video business by making content available over multiple devices," said Kim Bayley, director general of the ERA, which provides a roundup of figures from across the music, video and gaming industry. "They are responding to the way people are now consuming content on the move."The biggest-selling DVD in the UK last year was Skyfall, which shifted... Continue reading at 'The Guardian'

[ The Guardian | 2014-01-01 00:00:00 UTC ]
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