Top Gun and Harry Styles have broken the record for home entertainment sales in the UK

Top Gun: Maverick and Harry Styles helped boost the UK home entertainment market to a record £11.1bn last year, according to the Entertainment Retailers Association (ERA).

Preliminary figures from the trade organization indicate that the total has increased by 6.9% compared to 2021 and by 39% compared to the last year before the 2019 pandemic.

The leading titles in each sector were FIFA 23 in gaming, the sequel to Top Gun starring Tom Cruise in the film, and the third album from former One Direction star Styles, Harry’s House in music.

The fastest-growing sector in 2022 was video, growing 14.4% to £4.43 billion, followed by music, growing 3% to £1.99 billion and gaming 2.3% to £4.66 billion.

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Harry Styles produced the best-selling album of the year with Harry’s House (Ian West/PA)

ERA said streaming and digital formats continued to be the main drivers of growth, reaching £10.1 billion, up 8.4% from 2021.

Final figures for the full year will be confirmed in the ERA Yearbook published in March.

ERA Chairman Ben Drury said: “Despite the pandemic, political uncertainty and recession, entertainment continues to grow.

“The increase of almost 40% since 2019 is remarkable. Few would believe we’d sustain the massive revenue growth we’ve seen while the COVID-19 pandemic kept people at home, but these numbers show that even in the midst of a recession, people are determined to sustain their entertainment spending.

“This is a huge vote of confidence in the attractiveness of what our members offer, whether they are small independent music stores or global streaming platforms.”

Music sales rose 3% to £1.99 billion in 2022, reaching the highest level since 2003 and nearly double the 2013 level.

The main growth driver was streaming services such as Spotify, YouTube, Amazon and Apple, with streaming subscription revenues up 5% to £1.66bn.

Physical sales declined slightly, but vinyl formats continued to grow as CD sales declined.

According to ERA, Styles produced the best-selling album of the year with Harry’s House and the best-selling single with As It Was.

Meanwhile, in 2022, video revenue increased by 14.4% to £4.43bn, driven mainly by streaming subscriptions from Amazon Prime, Netflix, Disney+ and Now.

Subscription video on demand services grew by 17.6% compared to 2021 and now account for 87% of the video market.

Top Gun: Maverick was the biggest video title of the year, selling 1.1 million copies – more than 800,000 of them as “electronic sales” or downloads.

The Hollywood Cruise star reprises his role as US naval aviator Pete Mitchell in the film, and was released 36 years after the 1986 original.

It was originally scheduled for release in July 2019, but has been postponed multiple times due to the coronavirus pandemic.

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