We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedChange Management

UK 2012 digital sales exceed £1bn


Sales up 11.4% on an annualised basis

Article comments

UK consumers spent over £1 billion in 2012 on digital downloads including movies, music tracks and video games.

The figure, which represented an 11.4 percent rise over 2011 sales, was a new British record according to the Entertainment Retailers Association (ERA). It also implied that a quarter of the UK entertainment market currently comprises of digital sales.

Over half of the digital sales figure comprised of video game downloading, a segment which grew 8 percent to £552 million. Music track downloading accounted for £383 million up 15.1 percent on 2011, while movies and other video downloading accounted £98 million up 20.3 percent.

Conversely, and despite making-up most of the entertainment market, sales of CDs, DVDs, Blu-ray and video games dipped by a combined 17.6 percent on an annualised basis.

Kim Bayley, director general of the ERA, said breaching the £1 billion barrier was an incredible achievement for the UK's digital entertainment retailers and reflected the huge investment in new and innovative services.

"It means you can buy music, video and games literally at any time of the day and wherever you are. At the same time I suspect that many people will be surprised to learn just how resilient the physical business still is - with three quarters of entertainment sales still on disc," she added.

"Downloads offer convenience and portability, but people still seem to value the quality and tangibility of a physical product," Bayley concluded.

Share:

Recommended Articles

Comments

UK 2012 digital sales exceed £1bn
Change Management

How new technologies are 'disrupting' shared services

How new technologies are 'disrupting' shared services

A whole new model with less staff, more focus on intellectual capabilities and localised staffing is evolvingmore ..


Big increase in UK online sales tracked by IMRG Capgemini

Estimated £8.1 billion spent onlinemore ..

BHP Billiton names CFO Graham Kerr boss of new demerger business

BHP Billiton announced plans to separate its main business to simplify the group and boost shareholder valuemore ..

Online retailers to benefit from superfast broadband

Government hopes that 95 percent of the population will have superfast broadband by 2017more ..

Car industry’s greatest challenge is the shift to software

BMW’s outage illustrates the minefield manufacturers are navigating in light of the connected carmore ..

Is the FTSE 350 hiding behind token women appointments?

There are just 16 female executives in the first five FTSE 100 companies and technology firms fare even worsemore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *