Q3 Analysis: Buoyant streams put biz on track for biggest annual growth in years

Mark Sutherland

The music business was celebrating another big boost to music consumption in Q3, after even a slow summer release schedule failed to dent runaway growth.

BPI figures show Album Equivalent Sales (AES) grew 11.1% over Q3 2016, slightly below Q2’s 12.5% increase, but above Q1’s 10.7%. Streaming surged another 47% over the quarter and now accounts for well over half (56%) of all music consumption.

Year-to-date AES is also up 11.4% after three quarters of the year, leaving the industry ...

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