The number of online music streams in the UK broke the 500 million barrier for first time earlier this month.
Although the resurgence in sales of vinyl records often makes headlines, the popularity of streaming music online is the real story. This highlights the continuing move away from buying mp3s as well as the further decline in CD sales.
The Official Charts Company revealed that there were 505,849,000 audio streams for the week ending July 16th. This figure is almost twice the one recorded during the same period in 2014.
Overall, the first six months of 2015 have seen 11.5 billion streams, which is a year-on-year rise of 80 per cent.
Most popular tracks
Almost 60 different tracks have been streamed more than ten million times each so far this year.
Mark Ronson and Bruno Mars’ “Uptown Funk” is the most popular track with more than 45 million streams, whilst Ed Sheeran is the most streamed artist with more than 170 million streams.
Sam Smith is the runner-up with more than 100 million streams.
British fans embracing technology
The chief executive of music industry body BPI, Geoff Taylor, said that the new statistics were
“remarkable” and reflect how UK consumers embrace new technologies and delivery methods.
“It demonstrates vividly just how quickly streaming is being embraced by British music fans,” Taylor said.
“It will help our world-leading record labels invest even more into unearthing the next generation of British talent for fans here and around the world,” he concluded.