BPI hails streaming subs uptake as label revenues rise

Daniel Gumble

The rise in consumers paying for streaming services was the key to 2016’s revenue increase for record labels, BPI research director Chris Green has told Music Week.

According to figures published by the BPI last week, the industry is now starting to transform increasing consumption levels into revenue growth. This is being spearheaded largely by the growing uptake for premium streaming services, as the total trade income for UK record labels rose by 5.1% in 2016 to £926 million – ...

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