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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!
Blighty Beat
U.K. MUSIC BIZ KEEPS GROWING
11/20/19

The British live music industry grew by 10% in 2018 to contribute £1.1b Gross Value Added to the U.K. economy, according to a report by trade body UK Music. Growth is in part attributed to a 23% rise in festival attendance, despite it being Glastonbury’s fallow year.

The recorded music sector contributed £568m GVA in 2018. Label revenues rose 3%, reflecting a third year of consecutive growth.

According to the report, money generated by the U.K’s live music sector last year rose by £109k. Festival attendance was down 4.9m people, which includes a 10% increase in overseas visitors to 888k from 810k in 2017. Festivals in Scotland, including TRNSMT and Sunday Sessions, particularly boosted the numbers with music tourists in the country rising by 38% (1.1m). Total concert attendance stayed the same at 24.9m.

Overall, the music industry contributed £5.2b GVA to the British economy last year. That's up from £4.5b in 2017 with one caveat—the report has been produced with revised methodology this year, and includes retail for the first time, which makes some direct comparisons to previous data unreliable.

…Read more