Quantcast

U.K. MUSIC BIZ MAKES MORE WONGA

The U.K. music biz has cause for celebration, as a new report from trade body U.K. Music reveals that it made £4.1 billion for Blighty’s economy in 2014. That figure is up 5% from £3.8b in 2013, and takes into account cash generated from a wealth of facets including live, recorded music and publishing.

Musicians, composers, songwriters and lyricists were the biggest earners of the lot at £1.9b, followed by live music at £924 million (up 17% year-on-year), recorded music at £615m, music publishing at £410m, music producers, recording studios and staff at £116m and music reps at £89m.

It’s no secret that Her Majesty’s isle has spawned some of the biggest global stars of the past few years and the likes of Warner’s Ed Sheeran, Universal’s Sam Smith and Ellie Goulding and Sony’s One Direction helped recorded music exports rise 17% at £2.1bn in 2014.

Investment in A&R stood at just under £0.5bn in 2014. Labels cashed out the most with £178m, spending an additional £157m on marketing and promo. Music publishers invested in writers to the tune of £162m.

Another impressive stat is that fact that live music tourism contributed £3.1bn to Blighty's economy as a result of almost 26.7m visits being made to U.K. live music events last year.

It’s the second year U.K. Music has issued this study, and the figure is arrived at by using the grand total of all revenues from final sales and (net) subsidiaries.

You can download the full report here.

NEAR TRUTHS: KINGDOMS
File under: The enemy of my enemy is my friend. (3/26a)
ONE SHINING HITS LIST
She shoots, she scores! (3/26a)
YTD MARKET SHARE
Zeroing in on the elite teams (3/27a)
BEST IN THE WEST:
STEVE BERMAN
High time for another Eminem skit (3/26a)
MUSIC REVENUE TOPPED $17B IN 2023: RIAA
Streaming subscriptions lead the charge. (3/27a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)