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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%.

Azi Eftekhari elected new Chair of Entertainment Retailer’s Association

ERA is delighted to announce that Azi Eftekhari has been elected as the new Chair of the Entertainment Retailer’s Association (ERA) from today.

ENTERTAINMENT WAS 2020’s FASTEST GROWING UK LEISURE SECTOR

Retail spending on music, video and games up 18.8% as leisure plunges 30%

How vinyl and indies are a potent combination

Amid a pandemic with lockdown still tight, you might expect indies to be suffering losses to bigger, better-funded competitors. Instead it seems like they’re on a bit of a roll.

LOCKDOWN STREAMING DRIVES ENTERTAINMENT SALES TO £9bn – AND FASTEST GROWTH RATE SINCE RECORDS BEGAN

Locked down Britain turned to digital music, video and games in record numbers in 2020, increasing entertainment revenues by 16.8% to a record £9.05bn

Have you entered the 2021 #MusicWeekAwards yet?

This is your chance to shout about your business, and get deserved recognition and reward from your peers. Enter now

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