In the UK, revenue from music sales on disc grew for the first time since 2001
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In 2023, UK CD revenues grew for the first time in 22 years. By data British industry organization Digital Entertainment and Retail Association (ERA), representing the interests of sellers of music, video, DVD and computer games, the figure increased by 2% and reached £126.2 million.
True, as experts note, sales revenue increased primarily due to inflation, and also due to the fact that music connoisseurs purchased more expensive exclusive albums on CD, taking advantage of their relative cheapness compared to vinyl records. The number of CDs sold continues to fall, although not as sharply as in 2022, when the drop was 20%. In 2023, the decline was 7%.
According to the ERA, rising CD revenues contributed to total music revenues across media, including streaming services, vinyl records and CDs, rising 9.6% to £2.2 billion. record since 2001.
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