UK Music Business Continues to Grow, Generating Record £5.2 Billion in 2018

helped Britain's music business grow to a record £5.2 billion in 2018, according to a new report from umbrella trade organization UK Music.

The live sector also grew by 10%, generating £1.1 billion , with just under 30 million people attending live music events in the U.K. in 2018 . Around 5 million of those were music fans going to festivals, a 23% rise in audience numbers on the previous year. Meanwhile, full-time employment in the music industry reached an all-time high of 190,935.

Breaking down the figures, which measure how much the music industry contributes to British economy, rather than just sales, record labels generated £568 million , a rise of 5% on the previous year. The lion's share of that total came from exports, which grew by 8%. More than 5,000 people currently work in the British recorded music sector, say UK Music.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple Enters Background Music Market With Apple Music for BusinessApple Music has partnered with PlayNetwork to launch Apple Music for Business, a service geared towards providing a fully licensed — and customizable — soundtrack to retail stores, restaurants and other commercial outlets.
Source: billboard - 🏆 112. / 63 Read more »

Apple Music Gets Into the Muzak BusinessApple Music has been quietly piloting a version of its music-streaming service for businesses including Levi Strauss and Harrods stores.
Source: WSJ - 🏆 98. / 63 Read more »