Prince and Bowie drive rise in entertainment spending online - News Summed Up

Prince and Bowie drive rise in entertainment spending online


Online sales of physical entertainment products stuttered during 2015 as the high street, led by HMV, made a fightback. Online spending on films, music and games in the UK has bounced back, thanks to Star Wars: The Force Awakens and consumers buying the back catalogues of David Bowie and Prince. More than a third of shoppers in the physical entertainment market bought a product with the online retailer Amazon in the 12 weeks to 3 June. Tesco’s overall sales fell 0.5% in the entertainment sector, meaning its market share dropped slightly to 15.2%. Sales of CDs more than six months old grew by 9% year on year, helped by Prince and Bowie.


Source: The Guardian July 31, 2016 22:52 UTC



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