Thursday, 5 August 2010

Spend on recorded music stabilised in the UK in 2009, after a 5 year downward trend

"Highlights of the Adding Up The UK Music Industry 2009 report include:
• The UK music industry was worth £3.9bn in 2009, up 4.7% on 2008.   Combined business-to-consumer revenues (live industry and recorded music sales) grew 4.8% to £2.9bn making up 75% of the total industry
• Retail spend on recorded music including CDs, downloads, music DVDs and streaming stabilised, helped by growth in licensed digital music services  and ending a five year overall downward trend
• International licensing revenue from music use overseas is becoming increasingly important with demand from the US, France, Germany, Japan and Holland as well as growth in emerging markets such as Eastern Europe
• Live music revenues have increased 9.4% to £1.5bn including direct ticket sales, secondary ticketing and ‘on the night’ spend, but have slowed from 2008’s outstanding growth of 13%
• Business-to-business revenues including royalty collections from organisations and businesses using music, direct licensing of music services and advertising and sponsorship totalled £967m up 4.4% on 2008
• Recorded music revenues in the UK are shown to be larger than the US when expressed per head of population"
Source:  Press release from the PRS to announce the Adding Up The UK Music Industry 2009 report, 4th August 2010

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