The Official Charts Company said "the time is now right" to add music streaming to the UK singles chart for the first time.
Chief executive Martin Talbot said:
Audio streaming has grown at an extraordinary rate over the past year - and the time is now right to take this important step.
Just as it [the Official Singles Chart] has evolved through the years to reflect the most popular music in the UK, from 10-inch to seven-inch, vinyl to cassingles, CD singles to downloads, this is the latest stage of that progression.
Music streaming on services such as Spotify and Napster will be included in the UK singles chart from July 6.
The Official Charts Company will weight the streaming so that 100 plays amount to one physical sale to differentiate between buying one specific track and merely choosing to play it as part of a general service.
So far this year, the average weekly figures volume of streaming is 70 times greater than the combined sales of downloads and physical singles.
US singer-songwriter and record producer Jack White has set a new record for vinyl sales in one week, beating the previous total set by Pearl Jam.
James Donio, the President of the Music Business Association told SPIN magazine: "There is an appetite for physical formats, especially for artists who go the extra mile to offer something truly unique."
Since the album's debut a week ago, White has sold 40,000 copies which beats 34,000 for Pearl Jam's album Vitalogy.
Chubby Checker has urged the Rock and Roll Hall of Fame to induct him into its exclusive club before it is too late.
The Twist and Let's Twist Again singer said, "I don't want to get in there when I'm 85 years old. I'll tell them to drop dead, so you better do it quick while I'm still smiling".
Songwriters Hall of Fame gala in New York, the 72-year-old Grammy winner stressed: "If you put me in when I'm too old to make a living, then it's no good for me to be in there."
"The Rolling Stones, they're in there. The Beastie Boys are in there, they're young. Hall and Oates were just in there and they're still making money."
An Apple executive has said the company's upcoming line-up will be the "best product pipeline that I’ve seen in my 25 years at Apple", according to tech site Re/code.
Senior Vice President Eddy Cue was speaking after the technology giant confirmed its $3bn (£1.78bn) takeover of Beats Electronics, which includes both the company's flagship headphones and its music streaming service.
Cue also praised Apple CEO Tim Cook as a tremendous leader, rejecting claims that the company had had to “reset” after Steve Jobs' death in 2011.
Apple products rumoured to be in the pipeline include a refreshed Apple TV, large iPhones, an iWatch and a possible venture into health-related technology.
One of the co-founders of Beats Electronics has said he has "always known in my heart that Beats belonged with Apple".
Jimmy Iovine's comments come after Apple's $3bn (£1.78bn) acquisition of the headphones manufacturer.
The idea when we started the company was inspired by Apple's unmatched ability to marry culture and technology. Apple's deep commitment to music fans, artists, songwriters and the music industry is something special.
The media mogul co-founded Beat Electronics in 2008 with US rapper and producer Dr Dre, who after the deal with Apple reportedly called himself the "first billionaire in hip hop".
The main selling point of the deal with Beats is the company's streaming service, Apple chief executive Tim Cook has said.
The technology giant today confirmed a deal to buy Dr Dre's Beats Electronics for $3bn (£1.78bn), details of which were leaked to the media three weeks ago.
Beats Music, the music streaming subsidiary of the electronics maker, launched this year and has more than 250,000 subscribers.
Although Apple broke into streaming with the launch of iTunes Radio last September, the service has reportedly not been as popular or as lucrative as the company expected.
Apple will make the most expensive acquisition in its history, after confirming a deal to buy Dr Dre's Beats Electronics for $3bn (£1.78bn).
The luxury headphone brand and its music streaming service was co-founded by music mogul Jimmy Iovine and US rapper and producer Dr Dre, who called himself the "first billionaire in hip hop".
Technology giant Apple is stumping up the huge price tag, by far the highest it has ever paid in a takeover, to counter a threat posed to its iTunes store.
The announcement comes three weeks after deal negotiations were leaked to the media.
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