UK entertainment sales up 7% to £11.9 billion

Business | Business News Streaming and digital services drove a 7% rise in UK music, video and games sales to a record £11.9 billion in 2023, according to latest figures. Streaming and digital services increased sales by more than £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 £4.9 billion, driven by subscription services such as Netflix , Amazon Prime Video and Apple TV, to recapture its historic position as entertainment’s largest sector, ending a 10-year run of dominance by games. Meanwhile,…