The value of the UK home entertainment market soared to £11.1bn in 2022, an all-time record for music, video and games sales, according to preliminary figures from digital entertainment and retail association ERA.
The total was 6.9% up on 2021 and a dramatic 39% up on the last pre-pandemic year of 2019.
The main driver of growth continues to be streaming and digital formats which reached £10.1 bn up 8.4% on 2021.
The fastest growing sector in 2022 was video, up 14.4% to £4,432m, followed by music, up 3.0% to £1,987m and games up 2.3% to £4,664m.
Music sales reached their highest level since 2003 and nearly double the level of their low point in 2013.
Video had another bumper year in 2022 with revenues up 14.4% to £4,432.2m driven mainly by subscription streaming from the likes of Amazon Prime, Netflix, Disney+ and Now TV.
Subscription video on demand grew by 17.6% compared with 2021 to £3,849.8m and now accounts for 87% of the video market.
Games continues to represent the largest sector of sales, accounting for 42.1% of the total, with video within touching distance on 40.0% and music on 17.9%.
The leading titles in each sector were FIFA 23 (games), Top Gun Maverick featuring Tom Cruise (video) – which sold 1.1 million copies, more than 800,000 of them as ‘electronic sell-through’ – and Harry’s House by Harry Styles (music).
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