Netflix, Spotify and Apple power UK entertainment revenue to record £6.1bn
UK revenue from music, TV shows, films and video games hit an all-time high of £6.1bn in 2015 thanks to the booming popularity of digital services offered by players including Netflix, Amazon, Spotify and Apple.
A surge in digital spending combined with the mega-selling new album by Adelehauled the total UK music market to its first growth in at least a decade, up 3.5% to £1.06bn. The UK music industry saw the number of streams almost double to 27m and physical sales, while flat, were greater than they have been for a decade.
Having sold 2.6m copies of 25 in just six weeks after its November launch, Adele even pipped big-seller Fifa 16 to become the biggest entertainment hit of the year, according to figures released on Tuesday. The football game sold 2.5m units between its release in September and the end of the year.
Netflix: from DVD rentals to the verge of world domination
When Netflix chief executive Reed Hastings took to the stage in Las Vegas on Wednesday to announce the streaming service’s expansion into a further 130 countries, he told the audience they were “witnessing the birth of a global TV network”.
It was a grand statement for a company that started out as a US mail-order DVD rental business, but one it has backed by attracting about 74 million subscribers around the world and making huge investments in TV programming.
Hastings’ words were chosen carefully: his list of countries that could now access Netflix ranged from the obscure (Azerbaijan) through to the massive (India). Even if China remains one of the few places not on the list, Hastings said the company “hopes to be there soon”. At more than 190 territories, Netflix is within a whisker of the 200 it promised to have by this time in 2017, and not far off the global tag it wants to claim.
No comments:
Post a Comment