UK Recording Industry Sales Rose 10.6% in 2017, Biggest Growth Since 1995

A 45 percent increase in streaming-music subscriptions and the “continuing vinyl revival” helped push U.K. recording industry sales 10.6 percent higher in 2017 to 839.5 million pounds ($1.06 billion), its largest yearly rate of growth since 1995, reported the British Phonographic Industry Thursday. Tracks being streamed at least a million times rose 50 percent in 2017, said BPI. Vinyl accounted for one in every 15 album purchases last year, it said: Three quarters of albums purchased were on physical formats, the first time since 2011 that the market reached that milestone.