UK entertainment spending rises with surge in film and music streaming

After five years of decline, sales of entertainment products such as music, films and video games were growing again last year because of booming digital services such as Netflix and Spotify, according to figures published on Wednesday.The surge in popularity of watching TV and films on the likes of Netflix, Amazon’s LoveFilm and Apple’s iTunes fuelled a 40% increase in spending on digital videos with downloads, streams and subscriptions rising to £621m, according to the Entertainment Retailers Association (ERA). The digital revolution was also felt in the UK music industry, where the number of tracks streamed doubled to 7.4bn, thanks to a rise in users of services such as Spotify and Deezer, which have almost halted a 10-year decline in music sales.

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