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Half-Year U.K. Entertainment Revenue Up 6.4%

25 Jul, 2017 By: Erik Gruenwedel

Digital, streaming and packaged music proliferate. DVD, Blu-ray decline

Revenue from physical and digital sales and streaming of movies, TV shows, music and video games in the United Kingdom increased 6.4% through the first six months of the year to £2.98 billion ($3.8 billion), up £180m ($234 million) from the previous-year period, according to new data from the Entertainment Retailers Association. The segment grew 3% during the same period a year ago.

The U.K. is the third-largest home entertainment market in the world after the United States and Japan, according to IHS Markit.

Specifically, video sales, which include Netflix and Amazon Prime Video, increased 1.2% to £978m ($1.3 billion) from $1.28 billion a year ago. Digital sales increased 15% to £669 million ($872 million). Sales of DVD and Blu-ray dropped 20% ($101 million) to ($418 million).

Popularity of British artist Ed Sheeran (he had a cameo in “Game of Thrones”) and his latest album, Divide, helped drive physical music sales in the U.K to their highest point in a decade. With all 16 songs on the album making the Top 20 singles chart, streaming and download music revenue increased nearly 17% from a year ago.

Indeed, Divide is the top-selling packaged media product in the U.K. year-to-date, with more than 2 million units sold — exceeding Walt Disney Studios Home Entertainment’s Rogue One: A Star Wars Story, with 1.18 million discs sold.

“Entertainment has now seen over four years of continuous growth thanks to a combination of digital services pioneering new ways of consuming music, video and games,” CEO Kim Bayley said in a statement. “To now deliver another £180m worth of sales in the first half of 2017 is really extraordinary.”

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