More Brits than ever turned to digital music, video and games in 2020 to entertain them during a year dominated by lockdown measures.
Entertainment revenues across these sectors increased by 16.8% overall to a record £9.05bn - the fastest growth rate since records began - according to a report by the Entertainment Retailers Association (ERA). This growth was driven overwhelmingly by digital services, which saw revenues increase to a new high of 7.8bn.
In music, ERA reports that streaming revenues grew by 15.5% to £1.21bn, while the overall music market grew by 6.8% in 2020 to 1.55bn. While much of the physical music market struggled last year due to stores closing during lockdown, dropping 19.5% overall, the revival of vinyl LPs continued as they now account for 40% of the physical music market, following an increase in sales of 13.3%.
The digital video market grew by 37.7% in 2020 to £2.9bn, as viewers flocked to services from Netflix, Disney+, Amazon Prime Video and more – in fact, 80% of the total was made up of revenue from streaming services.
The games market is the standout of 2020 entertainment as it tops £4bn for the first time ever, following a year-on-year leap in revenue of 14.5%. Digital games make up the largest segment of this revenue, driven by increasing numbers of gamers buying direct-to-console games, digital subscriptions and downloadable content over physical product - physical product did however still enjoy growth of 4.6%.
Topping the best-sellers list for gaming in 2020 was FIFA 21, followed by Call Of Duty: Black Ops Cold War (2), and Grand Theft Auto V (3). A popular release of early lockdown, Animal Crossing: New Horizons also features in the Top 10 list alongside new Assassin’s Creed and The Last Of Us sequels.