According to latest figures from the Official Charts Company, music streaming in the UK is booming and has exploded in the past couple of months. The figures have revealed that around 11.5 billion tracks were streamed in the first 6 months of this year alone.
Compared to figures year on year, for the same period in 2014 the UK had streamed only 6.4 billion, and actually pretty close to the 14.8 billion tracks logged for the whole of 2014.
This doesn’t just count for services like Spotify, Google Play All Access, and now Apple Music, it’s also showing a massive increase in streaming on video platforms such as YouTube. The Official Charts Company reported 14.3 billion streams last year, with this year users already clocking 12.5 billion streams.
This has however caused a decline in physical physical and digital album sales, as you’d probably have expected. Vinyl on the other hand is actually on the rise with a 56.3 per cent rise in 2015 with the British Phonographic Industry expecting sales to top 2 million by this year alone, a number that hasn’t been this high since 1994.
Now Apple Music has entered the market, and we all know whatever Apple touches turns to gold, that number is likely to increase exponentially, thanks in part to the free three month trial.