Pandemic binge-watching drives UK leisure spend to report ranges

UK spending on movies, music and gaming elevated to a report excessive final yr, pushed by elevated demand for streaming throughout Covid-19 lockdowns.

Retail leisure spend elevated 18 per cent to a report £9.3bn in 2020, marking the eight successive yr of progress within the sector and the quickest progress price ever recorded.

The ultimate determine was £210m larger than earlier estimates printed in January by the Leisure Retailers Affiliation (ERA).

The robust efficiency for dwelling leisure got here as the general leisure sector, which incorporates actions corresponding to hobbies, consuming out and holidays overseas, shrunk virtually 30 per cent as a result of pandemic.

The figures confirmed that whereas in-home leisure spending rose 2.3 per cent final yr to £77.7bn, away from dwelling expenditure plunged 39 per cent to £154bn.

Inside leisure, gaming stays the most important single sub-sector, accounting for 48 per cent of complete gross sales.

Gross sales of video consoles additionally posted constructive progress final yr, boosted by the eagerly-awaited launch of the Ps 5 and Xbox Sequence.

The quickest rising digital sector in 2020 was video, the place gross sales rose 38 per cent to £2.9bn. This was pushed by the expansion of subscription providers corresponding to Netflix, Amazon Prime and Disney Plus.

Bodily gross sales of music and video continued their regular decline, as shopper demand for DVDs, Blu-rays and CDs wanes.

Bucking the pattern had been trendy vinyl LPs, which loved their twelfth successive yr of progress to achieve £110m in gross sales.

“The leisure market was already rising with out coronavirus, however with a lot of the leisure sector shuttered on account of lockdown, music, video and video games had been in the best place on the proper time,” stated ERA chief government Kim Bayley.

Pandemic binge-watching drives UK entertainment spend to record levels