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ERA hosts largest gathering of UK indie retailers in a decade

More than 170 people attended the conference on London’s South Bank, including representatives of around 90 UK independent record stores.

The compact disc has its best year for six years as tech bible Wired touts the format

Compact disc sales have enjoyed their best year since 2015 – and now tech bible Wired has thrown its weight behind the five inch disc.

Entertainment targets £10bn in UK sales in 2022 as 2021 produces ninth successive year of growth

Video revenues increased 13.3% in 2021 thanks to streaming. Physical music sales grow for the first time in 20 years. Games market has doubled in size in a decade.

TIKTOK’S PAUL HOURICAN HIGHLIGHTS SYNERGY WITH RECORD SHOPS

The in-person event, which took place at the Everyman Cinema, Handyside Street offered the first opportunity for the UK’s digital services and suppliers to meet collectively since the onset of the coronavirus pandemic.

ERA STATEMENT ON DCMS SELECT COMMITTEE ENQUIRY INTO MUSIC STREAMING

Kim Bayley, CEO of the Entertainment Retailers Association, said, “We welcome the decision of the Digital, Culture, Media and Sport Select Committee to shine a light on the huge economic impact of streaming on the music market. Little more than a decade ago the music industry was on the ropes due to piracy. By providing an attractive, convenient and legal alternative, from which around 70% of the revenue goes straight to the music industry, streaming services have provided the biggest boost to music for a generation.”

Music fans deliver huge vote of confidence in record shops with 70% growth in physical sales since reopening

Record shops have made a triumphant return to business after the lockdown with aggregate sales of physical albums up 70.7% across the two weeks compared with the same period last year. Vinyl has done particularly well with unit sales up an astonishing 91%.

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