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LONDON — Strong growth in streaming, vinyl and even CD sales saw music spending in the United Kingdom increase for a ninth consecutive year in 2023, according to annual figures from labels trade body BPI published Thursday (March 14).
Total U.K. recorded music sales — comprising digital and physical revenues, public performance rights and sync — climbed 8.1% to 1.43 billion pounds ($1.8 billion) last year.
That’s the highest nominal amount ever achieved in the U.K in one year, although when the figures are adjusted for inflation, last year’s record revenues are actually 478 million pounds ($610 million) below the 1.9 billion pounds ($2.4 billion) where the music industry should have been in real terms since 2006, the first year when public performance and sync were included in the annual total, reports BPI.
Driving the growth was an 8.4% year-on-year rise in streaming revenues, which increased to 962 million pounds ($1.2 billion) and accounted for just over 67% of annual trade revenues in 2023 — broadly flat with its share of the U.K. market in the previous 12-month period. Ten years prior, streaming represented just 8.6% of British labels’ income.
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Breaking down streaming revenue, paid subscriptions to services like Spotify and Apple Music generated 827 million pounds ($1 billion), up 8.1% on 2022, while ad-funded revenue grew by over 12% to 71 million pounds ($90 million) and video streaming trade income rose 6.9% to 64 million pounds ($82 million).
Download sales fell 5.8% to 26 million pounds ($33 million), while total digital revenue was 989 million pounds ($1.2 billion), up 7.9% on the previous year.
BPI reports that nearly 2,250 artists registered more than 10 million audio streams in the U.K. last year — a rise of 17% over the past two years — with Miley Cyrus’ “Flowers” the most-streamed track, racking up almost 200 million audio and video streams. Behind Cyrus was Dave and Central Cee’s “Sprinter” (160 million streams) and “Escapism” by Raye featuring 070 Shake (142 million streams).
In terms of physical format sales, labels and artists received 243 million pounds ($310 million) in 2023, up almost 13% on 2022, when physical trade revenues dropped by a tenth.
Fueling physical’s recovery was a double-digit (18.6%) rise in vinyl album revenues, which totaled £142 million ($181 million) on the back of popular new releases by Taylor Swift, The Rolling Stones and Lana Del Rey, who had the top three best-selling vinyl titles in the U.K. last year with 1989 (Taylor’s Version), Hackney Diamonds and Did You Know There’s A Tunnel Under Ocean Blvd, respectively.
More surprisingly, CD revenues also grew in 2023, up 5.4% year-on-year to just under £100 million ($127 million) with Take That’s This Life the year’s biggest-selling CD release.
Despite the compact disc’s resurgence, which BPI partly attributed to high-profile annual marketing events such as Record Store Day and National Album Day, vinyl moved further ahead as the country’s leading physical format in terms of label income, making up just over 58% of all physical music trade revenue, compared to 55% the previous year.
Public performance revenue climbed 7% year-on-year to 155 million pounds ($198 million), while sync sales dropped 7.6% to just under 40 million pounds ($51 million).
BPI’s year-end figures differ from those released by the Digital Entertainment and Retail Association (ERA) in January as the two organizations have different counting methods.
BPI’s financial figures are based on Official Charts Company (OCC) data and a survey of its record label members, which include the U.K. arms of Universal Music Group, Sony Music Entertainment and Warner Music Group, as well as over 500 independent labels. ERA’s year-end results, which also use OCC data, also include retail value, hence the higher numbers.
The U.K. is the world’s third biggest recorded music market behind the U.S. and Japan with sales of just under $1.7 billion in trade value, according to IFPI’s 2023 Global Music Report.
“Led by streaming, this ninth consecutive annual rise in recorded music revenues highlights how a balanced and prosperous market enabled by significant label investment can help even more artists to succeed,” said BPI CEO Jo Twist in a statement.
Hit singles by Miley Cyrus, Taylor Swift and SZA helped lift the U.K. streaming market to a record high last year with more than 179 billion music tracks streamed across the 12 months, up 12.8% on 2022’s total, and nearly double the volume of audio streams registered five years ago, according to year-end figures from labels trade body BPI.
Female artists fueled the growth in streaming consumption, spending an unprecedented 31 weeks at No. 1 on the United Kingdom’s official singles chart – the highest total since the charts launched in 1952.
Leading the pack is Cyrus’s “Flowers,” which spent 10 weeks atop the U.K. charts and was the year’s biggest song with 198 million streams.
In total, seven of the ten most popular songs in the U.K. in 2023 were by female acts with SZA, Swift, Cameroonian American singer Libianca and U.K. artists PinkPantheress, RAYE and Ellie Goulding (in collaboration with Calvin Harris) joining Cyrus in the annual best-sellers list. BPI reports it is the highest number of female artists in the year-end top 10 in more than 70 years.
The rest of the top 10 was made up of tracks by British rappers Dave and Central Cee, Nigerian singer Rema and Harry Styles.
Across the year, almost half (48.5%) of the songs that entered the top 10 of the U.K.’s weekly official singles chart were by female acts, either solo or in collaboration with other artists.
Jo Twist
Courtesy Photo
Reflecting on a record-breaking year for female artists, BPI chief executive Jo Twist said the achievements of stars like Miley Cyrus, Taylor Swift and RAYE should be celebrated, but cautioned against complacency in the industry “to ensure that this becomes the norm.”
BPI reports that streaming now makes up more than 88% of all music sales in the U.K., compared to 64% five years ago, with physical formats accounting for 9.4% of today’s market.
The trade body says that more than 2,500 tracks generated over 10 million audio and video streams in 2023, compared to around 1,100 songs reaching the same total in 2018.
Overall, music consumption rose for a ninth consecutive year with the equivalent of 182.8 million albums streamed or purchased in 2023 across digital and physical formats, up 10% on the previous 12 months.
Vinyl album sales rose for the 16th consecutive year, growing at their fastest rate this decade (up almost 12%) to 6.1 million units and marking the highest level of vinyl purchases in the country since 1990, when Phil Collins, Elton John and Madonna were among the year’s best-selling 12-inch releases.
In 2023, that accolade was won by Swift, who holds three places in the year’s top-selling vinyl album charts, including the No. 1 spot with 1989 (Taylor’s Version). Other entries in the top 10 included records by The Rolling Stones, Lana Del Rey, Fleetwood Mac, Blur, Lewis Capaldi and Olivia Rodrigo.
CD sales dropped 6.9% year-on-year to 10.8 million units, while cassette sales stayed broadly level with recent years at 136,000 units. Digital album sales dropped 4.6% to 3.5 million units with best-sellers including Trustfall by Pink and But Here We Are by Foo Fighters.
Despite the dominance of streaming, BPI reports that physical format sales made up more than half of all chart-eligible sales for the vast majority (86%) of albums that debuted at the top of the U.K. charts last year.
Across digital and physical formats combined, The Weeknd’s The Highlights was the year’s most popular album in the U.K., followed by Swift’s Midnights and her 1989 (Taylor’s Version) set. Elton John’s Diamonds, which was first released in 2017, ranked at No. 4 thanks to the singer’s farewell tour and high-profile Glastonbury headline performance in the summer.
Harry Styles’ Harry’s House secured fifth place in the overall year-end albums tally, while Barbie: The Album was the year’s top compilation.
BPI’s preliminary year-end report, published Wednesday (Jan. 3), doesn’t include financial sales data. Instead, it uses Official Charts Company data to measure U.K. music consumption in terms of volume.
The London-based organization will publish its full year-end report, including recorded music revenues, later this year. Another British trade body, the Entertainment Retailers Association (ERA), is due to report on annual music retail spending later this month.
The U.K. is the world’s third biggest recorded music market behind the U.S. and Japan with sales of just under $1.7 billion in trade value, according to IFPI’s 2023 Global Music Report.
U.K. OFFICIAL ARTIST ALBUMS CHART 2023
1. The Weeknd – The Highlights
2. Taylor Swift – Midnights
3. Taylor Swift – 1989 (Taylor’s Version)
4. Elton John – Diamonds
5. Harry Styles – Harry’s House
6. Fleetwood Mac – 50 Years – Don’t Stop
7. Eminem – Curtain Call – The Hits
8. SZA – SOS
9. Arctic Monkeys – AM
10. ABBA – Gold – Greatest Hits
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U.K. TOP TEN OFFICIAL SINGLES CHART 2023
1. Miley Cyrus – Flowers
2. Dave & Central Cee – Sprinter
3. RAYE ft 070 Shake – Escapism
4. Taylor Swift – Anti-Hero
5. Calvin Harris & Ellie Goulding – Miracle
6. Rema – Calm Down
7. SZA – Kill Bill
8. PinkPantheress – Boy’s A Liar
9. Harry Styles – As It Was
10. Libianca – People
Billie Eilish leads an historic chart in the U.K. as “What Was I Made For?” (via Interscope) logs its first week at No. 1.
In a battle of theBarbie tunes, “What Was I Made For?” beats Dua Lipa’s “Dance The Night” (Atlantic Records) to the tape, for Eilish’s second leader after 2020’s “No Time To Die,” the theme song for the James Bond film of the same name.
In doing so, the U.S. pop phenomenon ends the 10-week unbroken reign of Dave and Central Cee’s “Sprinter” (Live Yours/Neighbourhood), which tumbles 1-10.
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A closer look at the chart’s upper ranks reveals a “major record,” in the words of the Official Charts Company, as female solo artists account for the entire top 6 — a feat never seen before in the chart’s 70-year history.
Those history-makers include Olivia Rodrigo’s “Vampire” (up 4-3 via Geffen), Taylor Swift’s “Cruel Summer” (up 7-4 via EMI), Peggy Gou’s “(It Goes Like) Nanana” (up 6-5 via XL Recordings) and Rodrigo’s “Bad Idea Right” (No. 6), which gives the U.S. pop star her sixth top 10 appearance and the week’s highest debut.
Indeed, the top 8 on the latest Official U.K. Singles Chart, published Aug. 18, is led by female artists, with “Barbie World” (Atlantic) by Nicki Minaj, Ice Spice and Aqua, down 5-7, and “Disconnect” (Polydor) by Becky Hill and Chase & Status lifting 9-8, for a new peak.
Of the top 40 on the latest chart, 24 feature, or are led by, female artists, the OCC reports.
“It’s great to see solo women artists make up the top six positions on the U.K. Official Singles Chart for the first time,” comments Dr Jo Twist OBE, chief executive of the BPI. “This increased representation is something we hope becomes commonplace rather than exceptional. For now it’s a milestone that we should celebrate, reflecting a year when the market has been dominated by women artists from the U.K. and globally representing multiple genres.”
The OCC has flicked through the history books to identify several Girl Power milestones. The Official Singles Chart of Nov. 9 1986 marked the first time female vocalists featured on each of the Top 5 singles: Berlin (No. 1), Kim Wilde (No. 2), The Bangles (No. 3), Mel & Kim (No. 4) and Swing Out Sister (No. 5).
Then, on Feb. 14, 1988, the top 3 was led by solo female artists for the first time — Kylie Minogue’s “I Should Be So Lucky,” Tiffany’s “I Think We’re Alone Now” and Taylor Dayne’s “Tell It To My Heart,” respectively.
A decade later, in 1998, saw the first all-female top 5, led by B*Witched’s “To You I Belong”.
Further reinforcing the year of Girl Power on the U.K. charts, the top 5 singles for 2023 is dominated by women, according to the charts compiler, a joint venture of the labels body BPI and retail association ERA. Miley Cyrus’s “Flowers,” which led the chart for 10 weeks between January and March, is the U.K.’s biggest single of the year so far.
LONDON — Global hit records by Harry Styles, Glass Animals and Ed Sheeran, coupled with the popularity of U.K. acts in emerging markets like the Middle East and Africa, helped British music exports climb to a record high of £709 million ($910 million) in 2022, according to new figures released by labels trade body BPI.
The London-based organization says 2022’s export tally is the highest annual total since BPI began analyzing labels’ overseas income in 2000. Last year also marked the ninth consecutive year of growth in U.K. music export trade revenues, which slumped to just over £200 million ($254 million at today’s exchange rates) in 2007.
BPI, which represents over 500 independent labels, as well as the U.K. arms of Universal Music Group, Sony Music Entertainment and Warner Music Group, says the consistent year-on-year rise puts the country’s record industry on track to exceed £1 billion ($1.27 billion) in annual music exports by the end of the decade.
Driving last year’s 20% growth was a combination of globally successful British artists and the strong value of the U.S. dollar and other foreign currencies against the pound sterling.
British singer-songwriter Harry Styles’ hit single “As It Was” was the world’s most-streamed song in 2022, according to Luminate data cited by BPI, while Glass Animals’ “Heat Waves” was number two. Other songs by U.K. artists in the year-end global top 10 included Elton John and Dua Lipa’s “Cold Heart (PNAU Remix)” and Ed Sheeran’s “Shivers.”
In total, around 450 U.K. artists accumulated more than 100 million global streams last year, up from almost 400 in 2021, BPI reports. That list includes Adele, Arctic Monkeys, Calvin Harris, Coldplay, Dave and Sam Smith, as well as veteran acts The Beatles, Pink Floyd and Queen. Overall, British artists claimed more than a quarter of the 50 most-streamed songs on Spotify in 2022.
Worldwide, consumption of British music increased in every region last year, says BPI, with export revenues rising 11% in Europe and up 28% in North America (equivalent trade values were not provided). The fastest-growing regions for U.K. music exports were Africa (up 48%) and the Middle East (up 59%).
On a country-by-country basis, all but one of the U.K.’s leading music export markets recorded a rise in export sales, including the U.S. – the leading international market for British acts – where revenues grew 28% to £292 million ($371 million). The second biggest country for U.K. music sales is Germany, where revenues climbed 4% to £58 million ($74 million), followed by France (up 15% to $54 million).
In line with the past several years, the U.K.’s share of the global recorded music market remains around 10%, reports BPI, despite the growing international popularity of music acts from Latin America and Asia, particularly South Korea.
In a statement, BPI interim chief executive Sophie Jones said the continued success of U.K. labels and artists overseas was “an exceptional achievement in the face of unprecedented competition on the global music stage, both from long-established and rapidly-expanding new music markets.”
The U.K. is the world’s third biggest recorded music market behind the U.S. and Japan with sales of just over $1.8 billion in trade value, according to IFPI’s 2022 Global Music Report.
LONDON — Mariah Carey, Lewis Capaldi and Sam Smith are among the recipients of the new BRIT Billion award, which recognizes artists who have surpassed one billion career streams in the United Kingdom.
U.K. labels trade body BPI, which also runs the Brit Awards, is naming the honorees, using the Official Charts Company to verify the data. Certification is based on tracks being streamed on music services like Spotify and video platforms such as YouTube where an artist has appeared either as the main performer or as a featured artist.
Around 140 acts have passed the one billion U.K. streams milestone to date, but BPI has only named 13 recipients of the award initially, a spokesperson tells Billboard. The other artists are ABBA, Coldplay, Whitney Houston, AJ Tracey, Headie One, Anne-Marie, Ellie Goulding, George Ezra, RAYE and Rita Ora.
BPI says the United Kingdom is the first country in the world in the streaming era to run a certifications scheme that recognizes an artist’s success across their entire career and multiple projects, as opposed to individual recordings.
Carey said in a statement that she was honored to be one of the first recipients of the BRIT Billion award and thanked her U.K. fans “for their endless and enduring support.”
Capaldi said in a statement that he was “buzzing,” adding that “never in a million years did I think any of this stuff would happen, but now [that] it is I will gladly accept each and every award.”
The new sales certification category recognizing one billion career plays reflects how streaming has completely upended the recorded music industry over the past decade.
Previously, the biggest sales awards issued in the U.K. were platinum, granted to albums that sell 300,000 chart equivalent units, and multi-platinum (multiples of 300,000 sales). Below that is gold (100,000 sales) and silver (60,000 sales). For singles, platinum recognizes 600,000 chart equivalent sales. Gold is 400,000 and silver is 200,000.
Those totals are, however, dwarfed by the huge number of streams that the world’s biggest artists increasingly generate with many acts racking up millions and, in some cases, hundreds of millions of streams every year. But artists must generate several multiples of more streams to make the same money they made per unit in the physical era.
In November, Capaldi’s “Someone You Loved” overtook Ed Sheeran‘s “Shape Of You” to become the most-streamed song of all time in the U.K. with over 600 million audio and video streams, according to the Official Charts Company. George Ezra’s “Shotgun” has been streamed just under 500 million times since its release in 2018, reports BPI, which first began certifying silver, gold and platinum-selling records in 1973.
The labels trade body says the number of audio music streams in the U.K. crossed 160 billion last year with streaming now accounting for more than 85% of all U.K. music consumption.
“For a recording artist, there can be few greater sources of pride than having a platinum or gold disc on their wall,” Sophie Jones, BPI chief strategy officer/interim chief executive, said in a statement. “But in an era when success in measured in the hundreds of millions and indeed billions of streams, it was clear that we needed a new and additional way to recognize and celebrate outstanding achievement in recorded music.”
Mariah Carey, Lewis Capaldi, Whitney Houston, Coldplay and Sam Smith are among the first recipients of the new BRIT Billion Award, denoting 1 billion career UK streams.
The BRIT Billion award, which, like the existing BRIT Certified program and its platinum, silver and gold tiers, is verified using Official Charts data.
Other artists in the inaugural class of recipients are ABBA, AJ Tracey, Anne-Marie, Ellie Goulding, George Ezra, Headie One, RAYE and Rita Ora. More artists who have surpassed the threshold will be announced in due course.
“I’m really honoured to be one of the recipients of the BRIT Billion Award,” Carey said in a statement. “I’m so grateful to my fans for their endless and enduring support. I love you UK lambily and cannot wait to come back to your side of the pond and create more magical moments together.”
“Am so buzzing to be one of the first artists ever to be given a “BRIT Billion” award!,” Capaldi exclaimed on receiving the award. “Never in a million years did I think any of this stuff would happen but now it is I will gladly accept each and every award, you have my address x.”
Pat Houston, representative of the Whitney Houston estate, said: “Whitney would be very proud of this award, and the first thing she would say is, ‘is this for me’? Thanks so much to all of her worldwide fans, and on behalf of the Whitney Houston estate, I want to say thank you, and that we are extremely grateful, and that we appreciate you.”
This is the first time in its five-decade history that the BPI’s certifications program has recognized an artist’s combined success across multiple projects. The One Billion career total will include tracks an artist has appeared on either as the principal performer or as a featured artist, as credited by the Official Charts.
The introduction of BRIT Billion reflects the extent to which streaming has transformed the music landscape for artists and fans alike over the past decade. More than 85% of the UK’s recorded music consumption now takes place through streaming.
Sophie Jones, BPI chief strategy officer and interim chief executive, said in a statement: “For a recording artist, there can be few greater sources of pride than having a Platinum or Gold disc on their wall, but in an era when success in measured in the hundreds of millions and indeed billions of streams, it was clear that we needed a new and additional way to recognize and celebrate outstanding achievement in recorded music, and I feel certain that having a BRIT Billion Award will become equally prized.”
The BRIT Billion award represents the first significant upgrade to the certifications program since April 2018, when it was rebranded from the BPI Awards to the BRIT Certified Awards.
U.K. labels trade body BPI has appointed Jo Twist as its new chief executive, replacing Geoff Taylor who exited the London-based organization in December after more than 15 years at the helm.
Twist has been CEO of Ukie, the U.K. trade body for the games and interactive entertainment industry, since 2012 and was awarded an OBE (Order of the British Empire) for services to the creative industries in 2016. BPI’s chief strategy officer, Sophie Jones, will continue as interim chief executive until Twist takes up her role in July.
The labels trade body celebrates its 50th anniversary this year and represents the U.K. arms of all three major labels, as well as more than 500 British independents. BPI says its total membership accounts for approximately 85% of legal music sales in the United Kingdom and around one in 10 streams globally.
Last year, a record 159 billion music tracks were streamed in the U.K., up 8.2% on 2021, and the equivalent of 166 million albums were streamed or purchased across digital and physical formats, up 4.3% on the previous 12 months, according to BPI figures.
The U.K. is the world’s third biggest recorded music market behind the U.S. and Japan with sales of just over $1.8 billion in trade value, according to IFPI’s 2022 Global Music Report.
In a statement announcing her appointment, Twist said she was looking forward to supporting BPI label members and the wider music community “in fully realizing the value of music – growing the market, boosting exports and ensuring the recognition and backing the industry deserves.”
“The industry’s talent, so passionately nurtured by innovative major and independent record labels, is world leading, and the BPI plays an important role in creating an environment where labels and their artists can thrive,” said Twist, who sits on a number of industry and charity boards, including the Creative Industries Council.
Prior to joining Ukie, Twist held senior roles at the BBC and commercial U.K. television station Channel 4 and was awarded a doctorate by Newcastle University in 2001. BPI chair Yolanda Brown said the incoming chief executive’s “fresh perspective” and “rich breadth of experience” across the creative industries will prove invaluable to the organization’s members “as we navigate great changes in our industry.”
Among Twist’s duties as head of BPI is overseeing the BRIT Awards, the U.K.’s biggest annual music awards show, and the Mercury Prize, its independent-leaning sister event, recognizing what judges determine to be the 12 best albums of the year by U.K. and Irish artists.
BPI also runs a number of international trade functions, including its annual LA Sync Mission event, and administers the Music Export Growth Scheme (MEGS), which awards U.K.-based indie artists and labels grants of between 5,000 pounds ($6,000) and 50,000 pounds ($60,000) to help them break international markets.
In 2021, more than 60 U.K. artists whose music was streamed at least 20 million times worldwide received funding from the scheme, including Bicep, Beabadoobee, Wolf Alice and Rina Sawayama.
Sophie Jones was promoted from director of public affairs to chief strategy officer at BPI; she will also serve as interim chief executive until a permanent appointment is made following the recent exit of Geoff Taylor. Coinciding with Jones’ elevation, the communications, independent member services and research & insight department heads will now report directly to Jones alongside the public affairs team.
The Orchard promoted Mary Ashley Johnson to executive vp of sales and artist & label management, U.S. and Canada. The company also named Katie Studley as vp, Nashville. Johnson will continue driving revenue and market share for The Orchard while managing teams responsible for client relationships and high-level strategy on key releases across the U.S. and Canada. Studley will oversee the Nashville office’s day-to-day operations while developing new business relationships and further expanding The Orchard’s presence in Nashville. Based in New York and Nashville, respectively, Johnson and Studley report to COO Colleen Theis.
Longtime senior executive, editor and music historian Jay Orr retired from the Country Music Hall of Fame and Museum after more than 26 years. He most recently served as executive senior director for research, editorial and content; he also led the museum’s editorial team, overseeing the development of exhibits, publications and more. Orr can now be reached at jayorr@comcast.net.
Web3 company Yuga Labs (Bored Ape Yacht Club, CryptoPunks, Meebits) appointed Daniel Alegre as CEO, effective the first half of 2023. He succeeds Nicole Muniz, who will stay on as a partner and strategic advisor to the company. Alegre will work closely with Yuga Labs founders Wylie Aronow and Greg Solano to continue growing the business. Alegre most recently served as president and COO of Activision Blizzard.
Roy Hennis was promoted to senior vp of sales and Nik McLeod was named vp of publishing at LyricFind. Hennis will continue to lead his team in LyricFind’s core markets as well as emerging products including Lyric Videos and LyricIQ, while McLeod will oversee the publishing department’s international licensing efforts in key territories and markets.
The Copyright Alliance announced two at-large board members whose terms commenced on Sunday (Jan. 1): Todd Dupler of The Recording Academy, who will serve on the board for a second consecutive term, and Jeff Sedlik of American Photographic Artists. Both will serve two-year terms at the organization.
Kevin Hart‘s multi-platform media company Hartbeat hired Sara Abdulahi as senior vp of people & culture, Annie Ballot as senior vp of global media, Neil Wright as vp of live & experiential and Namon Jones as vp of brand partnerships. The company also promoted Tina Maher to senior vp of brand & franchise management. Abdulahi, who comes from ATTN:, will oversee talent management, compensation and benefits, training and development and employee relations; Balagot, who comes from NBCUniversal, will oversee strategy and distribution of Hartbeat media, including expanding distribution for LOL! Network across all platforms; Wright, who comes from Complex Networks, will oversee live events and experiences; Jones, who arrives with more than 20 years of experience running digital sales, will develop and expand on Hartbeat’s East Coast brand partnerships; and Maher, who joined the company in 2017, will oversee and execute monetization, growth and partnerships strategies for Hartbeat’s owned and operated brands and franchises.
Deezer appointed Ingrid Bojner (Storytel) and Mark Simonian (retired chairman of global TMT investment banking at Credit Suisse) as independent board directors. They were co-opted by the board to replace Alban Gréget and Jeronimo Folgueira, who resigned from their director positions last month. Folgueira will continue as Deezer CEO and work closely with the board of directors on all relevant business matters. Bojner and Simonian’s mandates will extend through the remaining term of their predecessors — or until the annual general meeting is called to approve the financial statements for the fiscal year ending Dec. 31, 2024, and the fiscal year ending Dec. 31, 2023, respectively.
Artist and music management company UROK hired Tayla Dhyll as head of audience, a newly created role, and Sophie Lane as senior artist manager. Dhyll will be tasked with developing, implementing and managing digital strategies for artists, while Lanez will work on two of UROK’s new management signings. The company also promoted Chris Kasa to senior vp of artist management, making him responsible for new signings and managing the careers of Jade Bird, Lucky Kilmartin and Jo Hill; Afoma Ojukwu to artist relations manager; Steve Sasse to artist and repertoire director across records, publishing and producer management for the entire UROK roster; and Annabelle Scott-Curry to creative director on a consultancy basis, working alongside UROK on Plan B and Jess Glynne.
Beasley Media Group hired Ariana Sheehan as director of digital content strategy. Based in Albany, New York, Sheehan will work closely with vp of digital content Erika Beasley and vp of digital marketing Jennifer Williams to help drive the company’s digital content strategy and grow its audience. She joins from product review and marketing company BestReviews.
A record 159 billion music tracks were streamed in the United Kingdom last year, up 8.2% on 2021 and more than double the volume of audio streams registered five years ago — and more than 40 times bigger than a decade ago — according to year-end figures from labels trade body BPI.
In 2017, just over 68 billion music tracks were streamed in the U.K. That number soared to 159.3 billion in 2022 when an average of more than three billion audio streams were listened to on music streaming platforms like Spotify and Apple Music every week (the numbers don’t include video streams on YouTube or other video streaming platforms).
BPI reports that it now takes an average of 1.3 million audio streams to break into the U.K.’s official Top 40 singles chart and a combined seven million audio and video streams to score a number one.
Across digital and physical formats, the equivalent of 166 million albums were streamed or purchased last year, up 4.3% on the previous 12 months. Contributing to the rise in music consumption was the ongoing resurgence of vinyl, which shows no signs of slowing.
Sales of vinyl LPs climbed 2.9% year-on-year in the U.K. in 2022 to 5.5 million units — marking a 15th consecutive year of growth for the once considered dead format and the highest level of vinyl purchases in the country since 1990, when …But Seriously by Phil Collins was the year’s biggest-selling studio album.
Vinyl now represents just under one third (31.7%) of all physical music sales in the U.K., while CD sales fell 19.3% year-on-year to 11.6 million units and cassettes climbed 5.2% to 195,000 units. The CD’s share of the U.K. physical market now stands at about 67%, while tapes account for 1.1%, up from 0.9% in 2021.
Overall, streaming now accounts for just over 86% of all music sales in the U.K., up from 83.1% in 2021. That leaves physical formats with 10.4%, digital albums at 2.2% and track equivalent albums with 1.2% of all sales.
Five years ago, streaming accounted for just over 50% of the British market. In line with the year-on-year increase in music streaming, digital download sales fell 18.9% year-on-year to 3.7 million in 2022.
The U.K. is the world’s third biggest recorded music market behind the U.S. and Japan with sales of just over $1.8 billion in trade value, according to IFPI’s 2022 Global Music Report.
BPI’s preliminary year-end report, published Wednesday (Jan. 4), doesn’t include financial sales data. Instead, it uses Official Charts Company data to measure U.K. music consumption in terms of volume. The London-based organization will publish its full year-end report, including recorded music revenues, later this year. Another British trade body, the Entertainment Retailers Association (ERA), is due to report on annual music retail spending later this month.
For the first time since year-end charts were introduced more than 50 years ago, British artists accounted for the top 10 biggest-selling singles in the U.K. last year (either as the lead or as a featured artist), led by Harry Styles’ “As It Was,” which topped the U.K. singles chart for 10 consecutive weeks (as well as 15 weeks atop the Billboard Hot 100) and was streamed more than 180 million times in the United Kingdom.
Hit singles by Ed Sheeran, Cat Burns, Glass Animals, Lost Frequencies & Calum Scott, LF System, Sam Fender made up the rest of the top 10, joined by Kate Bush, whose 1985 track “Running Up That Hill” spent three weeks at number one following its high-profile Stranger Things synch and was streamed 124 million times in the U.K.
Styles also landed the year’s best-selling album with his third studio set Harry’s House. He is the first artist to have both the U.K.’s top single and top album since Lewis Capaldi in 2019. Sheeran’s = (Equals) and Taylor Swift’s Midnights were the year’s second and third best-selling albums, respectively, with Midnights the only album to achieve more than 200,000 chart-eligible sales in a single week. More than 60,000 of those first week sales were vinyl purchases, says BPI.
Last year was also a strong year for independent artists and labels in the U.K. Independent labels grew their share of the U.K. music market for a fifth consecutive year to account for 28.6% of album or their equivalent purchases across streaming and physical, up from 26.9% in 2021. Nine independently released LPs topped the U.K. albums chart in 2022 including records by The 1975, Central Cee, Fontaines D.C. and Wet Leg.
In a statement, BPI chair Yolanda Brown said the success of homegrown talent in 2022 was down to a “compelling mix” of musical creativity and artistry, coupled with the “the ever-expanding opportunities afforded by streaming” and the support of record labels.
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