Feeds

CD habit buoys up UK recorded music

Not going bust just yet, then

Security for virtualized datacentres

The hard-to-kill CD helped revenue from the sales of recorded music in the UK last year stay much where it was in 2008, according to figures released by the BPI today.

Interest in music was undoubtedly boosted by the death of Michael Jackson and the final digital release of The Beatles' catalogue remastered.

Overall trade revenue was down up 1.4 per cent down year on year to £928.8m, with digital music taking £188.9m of that, up 48 per cent over 2008. The figures include ringtones and music DVDs, but not music licensed to games such as Guitar Hero, or movie and advertising 'sync' deals, or revenue from cover mounts.

CD albums sales fell 6.7 per to £699.2m - which is quite amazing considering lower online MP3 prices, the removal of DRM, the availability of free streaming services like Spotify, and (perhaps most of all) the disappearance of key high street CD retail outlets. Where do people get their CDs?

This didn't escape the BPI's notice. "The CD continues to show greater resilience than many predicted – it is an excellent digital product," said chief executive Geoff Taylor in a statement.

Music formats by revenue, 1973-2008 [part]click to enlarge

Online revenues are a very mixed bag - and don't seem to reflect a service's popularity or hype. The following graphic to the right illustrates this - but bear in mind these are US not UK numbers, from 2008 not 2009.

Digital track downloads brought in £83.7m and full album downloads £67.3m. But some of the biggest names in online music returned such small amounts, they may be considered a rounding error. Between them, Google-owned YouTube - which is really the world's primary jukebox - Spotify, Last.fm and We7 in total contributed just £8.2m to the UK recordings business.

That barely buys you a drowning dog.

And in mobile - which a couple of years ago was touted as The Saviour by the music business - revenue actually fell by 13.3 per cent to £12.7m.

The last time retail revenue from UK music topped £1bn was in 2006: while the trend is still down, it's no longer in free fall. The BPI presents this and more data in its annual yearbook due next month. ®

Beginner's guide to SSL certificates

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.