Music Markets

Today we were looking at stats and figures about the music industry by using the website BPI (British Phonographic Industry). The BPI represents the uk recorded music industry which means they have a database of over 300 record labels, all together BPI's members account for 85% of all music sold in the UK. 

This first table here shows by genre album sales, we can clearly see that rock and pop are by far the most popular with 33.8% and 31% and the next closest genre only having 8.3%. We can also see that R&B is not doing so well falling by 1.5%.

Here we can see the way in which people are buying their music, the most popular still being physical with half of the market share, online has rapidly been increasing while physical becomes less and less popular. But Subscriptions have also been increasing which includes things such as Spotify and Music.

From this graph we can actually see that the music industry has actual been decreasing dramatically since 2003 by nearly half.