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ERA STATEMENT ON THE COMPETITION AND MARKETS AUTHORITY MARKET STUDY INTO MUSIC STREAMING

The Digital Entertainment and Retail Association, ERA, welcomes the update paper of the Competition and Markets Authority (CMA) on its market study into music and streaming. The report vindicates ERA’s view that the investment and innovation of music streaming platforms has been overwhelmingly positive for consumers as well as for the music industry.

UK SPENT NEARLY FIVE DAYS EACH STREAMING MUSIC LAST YEAR!

UK citizens on average streamed 2,342 tracks in 2021 – nearly five days worth – according to Kim Bayley, CEO of digital entertainment and retail association ERA.

INNOVATION DROVE MUSIC AND VIDEO STREAMING SPENDING TO NEARLY £4.5BN IN 2021

UK consumers spent nearly £4.5bn on music and video streaming in 2021, up more than a fifth on 2020

DISC SALES DEFIED EXPECTATIONS TO EXCEED ONE BILLION POUNDS IN 2021

UK consumers bought more than 50m DVDs, CDs and other discs

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.

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