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A STAR-SPANGLED
HITS LIST
It's now or never. (7/1a)
BST HYDE PARK: BIGGER THAN EVER
It's the U.K. equivalent of July 4 fireworks. (7/1a)
SADDLE UP:
BEYONCÉ UNVEILS RENAISSANCE ART
She's not horsing around. (7/1a)
SONG REVENUE: DRAKE TAKES
THE CAKE
The rich get richer. (7/1a)
UMG ACQUIRES ALL THINGS ZAPPA
Who's gonna "Freak Out" over this acquisition? (7/1a)
SUPERSTAR RELEASES
Who's next?
MUSIC BIZ SPECIAL
It's Comic-Con for numbers geeks.
THE BIG CHEESE
Theories of evolution from 30,000 feet.
THE NEXT GIANT DEAL
A&R in overdrive.
Blighty Beat
STREAMING POWERS RECORD GROWTH
6/16/21

 

Streaming has pushed the value of the U.K.’s music sales and streams overseas to more than a half-billion pounds for the first time since records began, according to new figures released by the BPI. Despite the record growth, the U.K.’s overall share of global music revenue is slipping.

In 2020, BPI stats say that consumption of British music worldwide generated £519.7m in export earnings, an increase of 6% on 2019 and the highest figure recorded since 2000. Today, the U.K. is the largest exporter of music in the world after the U.S., and around 1 in 10 of all tracks streamed globally are by a British artist.

The growth in music exports has been powered by artists and labels successfully harnessing the global reach of streaming, with 300 British artists achieving more than 100m streams annually. More than 500 U.K. artists now achieve 50m streams per year or more.

…Read more