Digital market claims over 50% of all music sales
The value of digital music sales have grown by 12.5% year-on-year and now claims over 50% of all sales.
The statistics have came from data gathered by Kantar Worldpanel which has looked at both single and album sales from across British retailers for the 12 weeks to 9 June. The figures showed that digital make up 51.4% of all UK music sales in the second quarter of 2013, which makes a 12.5% increase in all digital sales.
HMV has slipped from its position as British second largest entertainment retailer to the fifth as Tesco and Amazon have grown and replaced HMV for the second and first spot.
Consumer insight director at Kantar Worldpanel, Fiona Keenan told Music Week:
“Amazon has benefited the most from HMV’s decline, gaining across music, games and video. It made an additional £4.5 million in the second quarter of 2013 by welcoming former HMV customers and has returned to its record share of the entertainment market – 23.4%, a figure last seen at Christmas 2012. Sainsbury’s was the main grocer to win from HMV shoppers switching store, gaining an additional £2.3 million compared with this time last year.”
iTunes Music has reached its highest ever share in the second quarter growing by 2.4% and holds 11.3% of the entertainment market.
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