NEWS: uk HAd 3 OF TOP 5 Global artistS IN 2016

 

Strong sales by the late Sir David Bowie, Coldplay and Adele helped the UK claim the second, third and fourth spotss in the 2016 Global charts of recording artists compiled by IFPI, the music industry body.

The chart was headed by Drake, the  Canadian R&B star who was reponsible for 'One Dance' the world's biggest selling digital single in 2016, as well as one of the top-selling albums, 'Views'. Beyoncé created the biggest selling album, 'Lemonade'.

The chart was published as part of the Global Music Report 2017: Annual State of the Industry which celebrated the fastest rate of global growth (+5.9%) by the music industry since the IFPI began tracking the market in 1997. 

During 2016, digital revenues accounted for more than 50 per cent of total industry revenues, thanks to the growth in streaming, which now attracts more than 100m paying subscribers worldwide.

In its overview, the report describes the global digital market as seeing "unprecedented competition, with streaming services developing and extending their offerings round the world", bringing streaming to new audiences and providing a richer and more varied experience.

However, it warns that the music industry needs to convert this positive revenue trend into sustainable growth by ensuring by closing the "mismatch between the value that user upload services, such as YouTube, extract from music and the revenue returned to the music community". 

More information on the report is available here.

ENDS

Published: 26 April, 2017.