A new report found that there has been a 12% rise in audiences at live music events over the past 12 months, bringing £4bn in to the UK economy and … We are seeing exciting new artists like Sam Fender, Dave and Little Simz achieve great success and the figures in this report are testament to the outstanding creativity of our world-leading artists. UK Music measures the health of the music business each year by collating data from its partners about the industry’s contribution in goods and services, known as Gross Value Added (GVA), to the UK’s national income or Gross Domestic Product (GDP). Successful British acts including Ed Sheeran, Dua Lipa and Sam Smith, who helped exports of UK music soar in 2018 to £2.7 billion. Overall, Mintel estimates the value of the UK music festivals and concerts market to be worth just over £2.6 billion in … Click on the map for the growth figures in each region. Millions of fans who poured into concerts ranging from grassroots music venues to large festivals generated a contribution of live music to the UK’s economy of £1.1 billion – up 10 per cent on 2017. This includes ticket… Read More Live music revenues to top $30bn for first time. Streaming music revenue will grow to slightly over $23 billion by 2022. Musical instrument retail is expected to take £438.2 million in revenue by the end of 2017. Although Glastonbury Festival did not take place in 2018 when the data for the report was collected, the rise in the number of other festivals across the UK, particularly in Scotland, such as TRNSMT and Sunday Sessions, boosted the numbers. 68.1 billion audio streams were served – now accounting for … We are a streaming generation with our iTunes and Spotify apps a click away on our smart devices. Industry Data. “We need to make sure that creators get fair rewards for their content and are not ripped off by big tech. For example, over 20 million people attend live musical events in the UK. The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year. © JM Enternational, Courtesy BRIT Awards Limited/BPI. 07/21/2016 09:50 am ET Updated Jul 22, 2017 Not too many of us remember vinyl or 8tracks. Meaningful music streaming statistics have shown that music streaming is the force behind the rapidly growing music industry. Image: Dua Lipa, © JM Enternational. Get exciting news, exclusive insights through leaders’ interviews, and much more! Employment in the industry hit an all-time high of 190,935 in 2018. Data on the global successes of the UK music industry. The UK’s first ever national live music census took place in spring 2017: for 24 hours from noon on Thursday 9 th March, an army of volunteers went out and about to live music events in Glasgow, Newcastle-Gateshead, Oxford, Leeds, Southampton and Brighton (and 1 st June in Liverpool), from pub gigs to massed choirs to arena concerts. The sector has become increasingly important to the livelihood of artists and musicians in recent years because of the global downturn in the sales of recorded music. You know you want a job in the music industry, but what exactly do you want to do? And we urgently need to ensure that the impact of Brexit doesn’t put in jeopardy the free movement of talent, just at the time when we should be looking outwards and backing the best of British talent right across the world”. Data on the global successes of the UK music industry. Another music industry professional is a promoter, who is hired to assist with live music performances. We need … Image: Rag 'N' Bone, © JM Enternational, Courtesy BRIT Awards Limited/BPI. Industry Data. Update your browser to view this website correctly. The Australia Idol contestant will front a new $150,000 fund for regional NSW micro-festivals. Global growth by region. Music tourism alone contributed £4.5 billion spend to the UK economy in 2018 – up 12 per cent from £4 billion in 2017. “I asked [Spotify’s] Head of HR out of all the policies, what was the game changer for diversity, and she said parental leave,” Singers adds. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. For 24 hours from noon on Thursday 9th March 2017, volunteers in cities across the country went out and about to live music events, from pub gigs to massed choirs to arena concerts. Summary: The music industry isn’t the most transparent. Total concert attendance in 2018 remained level at 24.9 million, but again the biggest growth was festivals, where the total audience in 2018 soared by 23% to 4.9 million – up from 4 million in 2017. 1 Valuing live music, The UK Live Music Census 2017 report The UK’s first ever national live music census took place in 2017. 4. The music industry is a bit of an enigma. The DCMS analysts appear to be unaware the UK has sadly lost two flagships of it’s live music manufacturing industry. Particularly, interactive streaming via services like Spotify, Apple Music, YouTube, and Amazon Music is spearheading industry growth. Ariana Grande. According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. Global growth by region. Home-grown acts, a surge in streaming & resilient demand for physical formats fuel a 9.5% rise in music consumption in 2017. “The report attempts to put a value on all events in The music industry contributed £5.2 billion to the UK economy in 2018, with the live music sector hitting a record-high of £1.1 billion. BRIT Certified. The booking agency promotes the artist and gets the live performance setup. According to Eventbrite, the UK event industry was worth £42.3bn to the UK economy in 2018, employing over 500,000 people and delivering 35 per cent of the UK’s total visitor economy. Fact #1: Nearly half of all on-demand streaming is done through YouTube. The UK events industry is now worth £39.1bn, according to the new Events are GREAT Britain report from the Business Visits & Events Partnership (BVEP). Just to see how big the world of events are in the UK, below are some key statistics that standout and really show-off the appeal of the marketing channel. Reflected within this figure, label revenues rose three per cent in 2018, representing the third year of consecutive growth. Streaming music revenue will grow to slightly over $23 billion by 2022. By 2023, the live music markets in almost all European countries will have seen healthy growth. Music Industry stats cover areas related to the overall music landscape and includes digital music stats, listening habits, demographic data of music listeners, hardware / equipment data, industry revenue data, and other trends and stats related to music. “Live music events have benefited greatly from romanticised perceptions still lingering from the birth of festival culture. Introducing the report at International Confex, 13 March, BVEP Chairman Michael Hirst, OBE, said the events industry now provided a major platform for Britain’s greatness. According to Ibis World this will result in £17.1m Profit between 1,688 businesses which pay out £68.2 million in wages. Take note from pop stars like The Weeknd, Billie Eilish, and Charlie Puth, who’ve grown an affinity for the style but have a signature sound otherwise. Read more. One of the first to feel its impact, and one of the hardest hit, has been the hospitality and events industry. This will be another record-breaking year for live music. This comes as half (48%) of UK adults make efforts to reduce their carbon footprint. While leaping to the conclusion that live music is thriving, DCMS has conveniently ignored statistics from a vital sector of the live music industry: manufacturing. More News & Analysis. The UK Music Industry debrief. Click on the map for the growth figures in each region. Over the same period, streaming revenue went up by 43%. All rights reserved. These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. Theatre, live music and modern and classical dance are all popular forms of the performing arts in Europe. The total export revenue of the music industry was £2.7 billion in 2018. 02.12.20. Key statistics about the size, growth and profile of the UK music industry. The Live Music sector made contribution of £1.1 billion in 2018 – up 10 per cent from £991 million in 2017. Read more . But stats on the music industry aren’t so easy to come by. The Live Music sector made contribution of £1.1 billion in 2018 – up 10 per cent from £991 million in 2017. Indian Music Industry Stats: India's Digital Revolution By the Numbers. The live music industry in Britain attracted more than 30m music fans in 2016, with live music tourism contributing £4bn to the UK economy that same year. Employment in the industry hit an all-time high of 190,935 in 2018. “Live music is now at a record high and continues to draw millions of fans from both the UK and abroad to our arenas and smaller venues alike. Music + Rugby to bring live music to UK stadia. The Live Music sector made contribution of £1.1 billion in 2018 – up 10 per cent from £991 million in 2017. We face many challenges to ensure we keep our music industry vibrant, diverse and punching above its weight. The live music industry in Britain attracted more than 30m music fans in 2016, with live music tourism contributing £4bn to the UK economy that same year. Since 2006, worldwide music industry revenues have been more than $60 billion each year. A new peanut butter has been launched, and its aim is to help save the UK live music scene.Jackpot peanut butter – or, to give it its full title, Jackpot Motherfucking Peanut Butter – aims to help raise money for the Music Venue Trust, an organisation who offer support to UK venues at grassroots level. UK Music CEO Michael Dugher said: “Our report reveals firm evidence that the British music industry is in great shape and continuing to lead the world. UK's live entertainment industry hits new highs This article is more than 2 years old Sector takes record £17bn in revenues last year as analysts predict further growth for 2018 Live music contributed £1.1bn of UK Gross Value Added (GVA) in 2018. News. Discover all 2019 music industry trends in the brand-new Midem News Magazine. However, it won’t match the strength of the live concert industry. The UK music industry contributed £5.2 billion to the UK economy in 2018. Still, there are some surprising stats out there. However, it won’t match the strength of the live concert industry. $31 billion is how much the live music industry is projected to be worth by 2022, representing a compound annual growth rate (CAGR) of 3.3%, according to a newly published research paper from Pricewaterhouse Coopers (PwC). The recording industry is growing, and revenue is up 16,5% in 2017, adding up to $8,8 billion in retail value. The Music Creators sector represents almost half of the UK music industry Gross Value Added (GVA) contribution at £2.5 billion, strongly demonstrating how creation is the beating heart of the music industry. The UK music industry contributed £5.2 billion to the UK economy in 2018. The UK music industry had its best ever year in 2017, growing by 2% to contribute a record £4.5 billion to the UK economy – up by £100 million on 2016. 01.01.01. Image: Ed Sheeran, © JM Enternational, Courtesy BRIT Awards Limited/BPI. “I haven’t seen people spending this much money on live music since the late ’90s,” says Tommy Goodwin. Artists like Sam Smith, Ed Sheeran and Paloma Faith helped the British music industry contribute £4.1bn to the UK economy in 2014, according to an annual trade report. Live music is a key driver of tourism to the UK. The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). This item includes data on how UK music fuels the national economy. Need data on the UK's live music scene? From protecting intellectual property to safeguarding the grassroots sector and growing the talent pipeline, the Department for Digital, Culture, Media and Sport will continue working with UK Music to allow this country’s music industry to grow and flourish”. Just to see how big the world of events are in the UK, below are some key statistics that standout and really show-off the appeal of the marketing channel. The UK music industry is involved in international trade missions and events. The promoter works with the recording artist and the owner of venues where the artist will perform. Last year 29.8 million fans attended live music events in the UK, a rise of 2% from 29.1 million in 2017. Ariana Grande. For more stories like this, and to keep up to date with all of our market-leading pro sound news, features and analysis, sign up to our newsletter here. It’s the fastest-growing economy out of the top-10, projected 7% CAGR up until 2023.This almost unprecedented economic growth is powered by the population of 1,35 billion people, which keeps on rising — India is expected to … Find out how the UK music industry has embraced the digital revolution. That’s why we will be pressing the Government on a number of key issues. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User : September 2020 $ 3000 Writing in the report’s foreword, culture secretary Nicky Morgan said: “This year’s Music By Numbers report reveals the industry is worth an amazing £5.2 billion to the economy and the live music sector is breaking the £1 billion barrier. We need to nurture the talent pipeline, including by reversing the decline of music in education, so that children from every background have access to music. Other revenue streams, such as touring and live performance (28%), teaching (22%), and salary as an employee of a symphony, band or ensemble (19%) represent the most lucrative income streams for the average musician The total value of the recording industry was $15 billion in 2015. The Live Music Trends Changing the Industry; The Live Music Trends Changing the Industry. UMG to produce virtual-reality live music. “We need to do more to protect grassroots venues by helping them combat soaring business rates. Live music was worth 1.5 billion euros in the UK, and 0.9 billion euros in France. Mintel research also reveals that concert attendance is rising as almost four in 10 (38%) UK adults attended a music concert in the last year*, up from 34% in 2018. Engagement with streaming drives growth of the global music market . The country is home to three best-selling arenas globally, the O2 in London, the Manchester Arena and the SSE Hydro in Glasgow, and live events are distributed across the UK. 135.1 million albums or their equivalent were either streamed, purchased or downloaded in 2017. The recorded music sector contributed £568 million in GVA to the UK economy, which is a rise of five per cent on £535 million in 2017, and £478 million in exports – an increase of eight per cent on £452 million. The global live music industry will continue to grow steadily over the next four years, with music streaming and … In 2018, India became the 5th biggest economy in the world in terms of the current GDP. Update my browser now, The Live Music sector made contribution of £1.1 billion in 2018, By Fiona Hope ⋅ There are lots of different jobs in the music biz, and just because you love music doesn't mean that EVERY music career will translate into the job of your dreams. Millions of tourists flocked to the UK for concerts and festivals, boosting revenue by ten per cent – from £991 million in 2017 to £1.1 billion last year. It’s not all good news for the UK music industry A report by UK Music says it contributed £5.2bn to the economy in 2018, but other issues are cause for concern, writes James Moore However, rising popularity means the environmental impact of live music events has hit exponential levels. BPI Awards 02. Artists like Sam Smith, Ed Sheeran and Paloma Faith helped the British music industry contribute £4.1bn to the UK economy in 2014, according to an annual trade report. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. (1) The UK offers some of the world's best music venues. Music exports are another amazing success story with the best of British creative talent being showcased across the globe. However, this is not a time for complacency. Published: November 20, 2019. The key facts in Music By Numbers 2019 include: The flagship annual economic study by UK Music and its members showed that the music industry continued to grow last year across every sector. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. Music Export Growth Scheme returns to boost British music exports. The new venture by Music + Sport, also behind Cricket Live and The Jockey Club Live, will launch with Jess Glynne at Kingsholm Stadium in June . The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). As it stands, streaming is contributing 75% of the global music industry revenue. Live music has been about 33% of these total revenues each and every year. Exports are part of this contribution. This includes ticket… Overseas visitors to UK shows and festivals surged by 10 per cent from 810,000 in 2017 to 888,000 in 2018. Image: Rag 'N' Bone. A contract is drawn up between the venue and the artist. Applications for Round 19 funding now open – must be submitted by 4th January 2021. The key facts in Music By Numbers 2019 include:. As it stands, streaming is contributing 75% of the global music industry revenue. The International Live Music Conference is a professional event for those working at the top of the concert industry, but for a quick and easy description of the business, please read on… The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). Particularly, interactive streaming via services like Spotify, Apple Music, YouTube, and Amazon Music is spearheading industry growth. The figures are hugely encouraging and show that, as well as enriching the lives of millions of people, music makes an incredible contribution to the UK’s economy. From the BPI 02.12.20. The music industry is generally behind companies like Spotify who have introduced six months’ paid parental leave. 1 Photo Credit: Iggyshoot, flickr There are opportunities, but also challenges and, as we will see, some companies are clearly playing all the right notes in the right order. 03. The music industry rewards diversity now more than ever before. Key statistics about the size, growth and profile of the UK music industry. The Department for Digital, Culture, Media and Sport informed us that: According to the International Passenger Survey in 2016, 1.9m international visits to the UK were made with the intention of attending a live music event and 1.3m visitors came to the UK intending to attend a festival. To me, the essence of the 80’s is more about experimentation and NOT the sound itself. Shannon Noll appointed ambassador for live music. UK Music’s inaugural Music By Numbers report published today reveals the key role music plays in the economy. Wednesday 02.12.20. The value of Britain’s live music sector hit a record £1.1bn last year, as fans flocked to see big name artists including Ed Sheeran, the Rolling Stones and Sam Smith on tour. As social distancing and self-isolation saw the UK consumer head indoors, this was generally good news for those serving up engaging in-home content, such as over-the-top (OTT) video services, video gaming, music, podcasts, and internet access. “As this report reveals, music is a hugely successful British export worth £2.7 billion a year and we need to work together to ensure this success continues. Silver Platinum Silver. Data and Insights; Dec 02, 2018 ; Attendees Event Planning Event Promotion Music. ... Live Music Music festival organisers, music promoters, music agents ... Statistics, the average wage in the UK in 2017 was £29,002 per annum. Physical sales are down for the music industry. A new study has found that 170,000 jobs will be lost in the UK live music industry this year due to coronavirus restrictions if government support is withdrawn.. According to Eventbrite, the UK event industry was worth £42.3bn to the UK economy in 2018, employing over 500,000 people and delivering 35 per cent of the UK’s total visitor economy. 01. We know there are also some specific challenges for the music industry. Live music According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. If you go looking for stats on marketing, they’re easy to find. UK Music’s inaugural Music By Numbers report published today reveals the key role music plays in the economy.. The 2019 edition has just been released and it brings you the latest music industry trends. There is no room for complacency because we face significant challenges ahead. Meaningful music streaming statistics have shown that music streaming is the force behind the rapidly growing music industry. Second, while the pandemic had a significant impact on the UK media industry as a whole, its effects on specific sub-sectors have varied widely. Concerts and music festivals generate most revenue for this industry in this region, which is also the locale of the most-attended international festivals. That growth is primarily powered by the rise of streaming services. England and Wales company registration number 2008885. Total revenues of the music industry are estimated at $7 billion, generated by 3 main sub-industries: live, recording and publishing. ... Find out how the UK music industry has embraced the digital revolution. WISH YOU WERE HERE A WORD FROM UK MUSIC CHAIRMAN Our aim at UK Music is to help foster a climate that will see that success continue with an ever increasing number of live events. Here’s a quick breakdown of the report, underscoring the state of the music industry in 2017. Employment in the Live Music sector rose by seven per cent to 30,529 – up from 28,659 in 2017. Music industry trend #1: Independents will have to work together to secure top talent Over the past decade, large national concert promoters like Live Nation and AEG have been acquiring venues and music festivals at an increasing pace. After analysing the earnings of 21 million The UK music industry contributed £5.2 billion to the UK economy in 2018. Need data on the UK's live music scene? The Evolution of the Music Industry - Where We Go From Here. "The UK live music industry has continued to grow during the past five years, despite the tough prevailing economic environment. Over 90% of all live and recording revenues come from domestic acts, while publishing is considered the most foreigner-friendly part of the industry with 20-25% of revenues generated by international artists. This post features 10. Only a couple of decades ago, from a business perspective most recording artists toured because it was the most effective way to advertise their recordings, from … Live music. © 2020 Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. The UK’s first ever national live music census took place in spring 2017: for 24 hours from noon on Thursday 9 th March, an army of volunteers went out and about to live music events in Glasgow, Newcastle-Gateshead, Oxford, Leeds, Southampton and Brighton (and 1 st June in Liverpool), from pub gigs to massed choirs to arena concerts. The music industry has changed quite a bit over the last couple of decades, all thanks to new technology. 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