Indie label sector increasing UK market share again this year
completemusicupdate.comThe independent label community is set to grow its share of the UK recorded music market this year, for the fifth year running, according to new number crunching of Official Charts Company data by record label trade body BPI.According to the BPI’s maths, independently-released tracks have accounted for 28.6% of music consumption in the UK so far this year.
That’s up from 26.9% for the whole of 2021 and just 22.1% back in 2017.Of course these days the “independently-released” category includes all the music put out by conventional independent record companies, as well as tracks released by artists who basically run their own labels, including those working with DIY distributors.The indie sector scores even higher when it comes to album consumption, whether that’s the sale of CDs and vinyl records, or when streaming data is crunched on an albums basis.
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