Music Subscriptions Topped $1.3B In UK Last Year

Spending by UK music fans on streaming services exceeded £1B/$1.3B USD for the first time in 2019 with overall spending on entertainment increasing to another all-time high, according to data compiled by the Entertainment Retailers Association (ERA).

That £1bn total spent on music subscription services like Spotify, Apple Music, Amazon Music, YouTube Music and Deezer is 4X as much as five years ago and 31X times the level in 2010.

Despite a drop in sales of physical music, video and games, strong demand for digital services was sufficient to produce overall entertainment market growth of 2.4% to £7.8bn, its seventh consecutive year of growth.