Last week, the Official Streaming Chart was compiled for the first time, underscoring the importance of the role such services play in the way music is consumed today.
Over the past 12 months, 2.6 billion audio streams were delivered in the UK and in 2011 label revenues from streaming services increased by 30 per cent to £35m in 2011 – accounting for 4.5 per cent of total music industry revenues.
To create the top 100 rundown, the Official Charts Company will be taking data from leading streaming services including Spotify, Deezer, Napster, We7, Zune (Xbox Live) and new mobile phone start-up ChartsNow.
The initiative is being supported by the Entertainment Retailers Association and record labels association the BPI, which has been leading the fight against internet piracy with its actions against The Pirate Bay in recent months.
Official Charts Company managing director Martin Talbot said: “This is a true coming-of-age moment for music streaming in the UK.
“For the first time, from next week, we will have transparency on exactly what they [music fans] are listening to on these new services.”