Photo: WENN.com
Money made from subscribing to streaming services such as Spotify and Deezer now accounts for an impressive 10% of the UK music market - that's £103million a year.
The BPI states that in a year when Arctic Monkeys were most streamed artist, premium subscriptions to audio streaming surpassed £100 million mark for the first time in 2013 - up from £77 million in 2012.
It is estimated that UK fans streamed 7.4 billion songs in 2013, double the level of 2012.
"The success of digital music in 2013 surpassed all previous records – we celebrated the one billionth track download, counted four million-selling digital singles, and streamed more than 7 billion songs," said BPI Chief Executive Geoff Taylor. "As digital music moves into the streaming era, the prospects for future growth in the UK music market look strong."
BPI Chairman, Tony Wadsworth CBE, added: “The British public’s affinity for British music is alive and kicking! For an impressive ninth year in a row, a UK artist signed, developed and supported by a British record label has claimed the best-selling artist album on home turf. The hat-trick of chart achievements from One Direction, Bastille and Arctic Monkeys has certainly set a high benchmark for UK acts to follow in 2014, but we say watch this space.”
Meanwhile, sales of CDs suffered a 12.8% drop in CDs sold, but vinyl saw over 780,000 LPs sold in 2013, double the number in 2012.
Below: Arctic Monkeys' epic 2013 - the band's finest photos of the year
