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Miley Cyrus and Taylor Swift Help Drive UK Music Sales to a Ninth-Straight Increase
UK music sales in 2023 rose for a ninth-straight year thanks to hits by Miley Cyrus and Taylor Swift, plus gains in streaming, vinyl and CDs, says BPI
LONDON — Strong growth in streaming, vinyl and even CD sales saw music spending in the United Kingdom increase for a ninth consecutive year in 2023, according to annual figures from labels trade body BPI published Thursday (March 14). Despite the compact disc’s resurgence, which BPI partly attributed to high-profile annual marketing events such as Record Store Day and National Album Day, vinyl moved further ahead as the country’s leading physical format in terms of label income, making up just over 58% of all physical music trade revenue, compared to 55% the previous year. “Led by streaming, this ninth consecutive annual rise in recorded music revenues highlights how a balanced and prosperous market enabled by significant label investment can help even more artists to succeed,” said BPI CEO Jo Twist in a statement.
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