BPI chief Geoff Taylor has hailed the power of streaming in driving the market “back towards growth”, after BPI and ERA year-end figures showed a significant rise in music consumption.

According to the BPI, a total of 44.9 billion audio streams were clocked last year, up 67.5% on 2015 and now accounting for 36.4% of all UK music consumption.

Growing uptake for the format proved central in driving overall sales for the year up 1.5% in Album Equivalent Sales (AES) ...