The statistical highlights courtesy of BPI:
- Total UK recorded music trade income rises 1.4% overall to £928.8m
- Trade revenues from physical formats down 6.1% to £739.9m
- Digital income now a fifth of total recorded music revenues - up 47.8% to £188.9m
What does this mix report mean for the future? According to Forrester analyst Mark Mulligan, the glass half empty perspective is appropriate. "The UK recorded music market has lost close to 40% of its value since 2003. Though this isn’t necessarily a dead cat bounce, it is going to take a lot more than 1.4% annual growth to turn things around".
