The UK’s music industry is experiencing a positive period at the moment. After several years of decline, recorded-music trade sales have now increased for three years in a row.
- UMG extended its market share lead over second placed SME, with the former gaining share and the latter suffering a decline.
- Live music continues to be the UK's most robust leisure sector, with tours and festival appearances still a secure way for artists to generate revenue.
Features and Benefits
- Details all of the UK's major music sectors.
- Includes details of recorded-music sales, record company market shares, digital infrastructure details, royalty collections, and live music figures.
Key questions answered
- What share of recorded-music trade sales in the UK last year were from digital sources?
- At an optimistic and pessimistic view, how big is the UK's recorded-music sector likely to be in 2023?
Table of contents
Third consecutive year of recorded-music growth
Rock takes the album crown while hip-hop makes singles gains
UMG enhances market share lead
Four consecutive years of music retail sales growth
Rights administration and royalty collections
Increase in collections for PRS at home and abroad
International gains boost PPL results
Measuring the worth of the live music sector
Parliamentary inquiry finds shortfall in support