Streaming and digital services drove a 7% rise in 海角视频 music, video and games sales to a record 拢11.9 billion in 2023, according to latest figures.
Streaming and digital services increased sales by more than 拢800 million in a year and now account for 91.7% of total revenue, the Digital Entertainment and Retail Association (Era) said.
The fastest growing sector in 2023 was video, up 10% to 拢4.9 billion, driven by subscription services such as Netflix, Amazon Prime Video and Apple TV, to recapture its historic position as entertainment鈥檚 largest sector, ending a 10-year run of dominance by games.
Meanwhile, music sales were up 9.6% to 拢2.2 billion 鈥 the highest since 2002 and just 0.08% below 2001鈥檚 peak CD era, as streaming services from Spotify, Amazon, YouTube and Apple increased subscription revenues by 9.8% to 拢1.8 billion.
However physical sales also rose, by 0.9% to 拢311 million, a significant improvement on 2022鈥檚 4% decline.
Vinyl album sales grew by 17.8% to reach 拢177.3 million, while CDs saw their first rise in sales value for two decades, up 2% to 拢126.2 million.
The biggest album of the year was The Weeknd鈥檚 The Highlights, while the best-performing track was Miley Cyrus鈥檚 Flowers.
In contrast to music, video鈥檚 physical formats suffered further reverses, with DVD sales down 21.7% to 拢91.8 million, while Blu-ray declined 15.1% to 拢77.9 million.
The biggest-selling video title of the year was Avatar 鈥 The Way Of Water, which generated sales of 560,000.
Era chief executive Kim Bayley said: 鈥淲ith revenues just a fraction away from music鈥檚 all-time high, this is a red letter day for the music industry and is a testament not just to the creativity of artists, but to the entrepreneurial drive of digital services and retailers.
鈥淎 world without streaming now seems unthinkable. Meanwhile, the tenacity of physical retailers has driven not just the vinyl revival, but a surprise increase in the value of CD sales. Given all we鈥檝e been through, it really doesn鈥檛 get much better than this.鈥
Games sales grew by a modest 2.9% in 2023 to 拢4.7 billion, but have doubled in value over the past decade.
The biggest-selling console game was EA Sports FC 24, Electronic Arts鈥 replacement for its 29-year partnership with football鈥檚 world governing body on the FIFA series, which sold in almost identical quantities to its predecessor at around 2.39 million copies.
Era chairman Ben Drury said: 鈥淭he entertainment business is defying gravity, delivering 11 straight years of growth regardless of wider economic conditions.
鈥淒ue credit should go to the amazing creative talent behind the movies, music and games we all love, but we should also recognise the huge contribution of the digital services and retailers who have reinvented the entertainment experience for consumers over the past 15 years.
鈥淭he overwhelming majority of the money raised by digital services and retailers goes direct to the content owners, and their success is directly benefiting creators.鈥
