Last year 29.8 million fans attended live music events in the UK, a rise of 2% from 29.1 million in 2017. 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. Data and Insights; Dec 02, 2018 ; Attendees Event Planning Event Promotion Music. Image: Ed Sheeran, © JM Enternational, Courtesy BRIT Awards Limited/BPI. The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). 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”. However, rising popularity means the environmental impact of live music events has hit exponential levels. Musical instrument retail is expected to take £438.2 million in revenue by the end of 2017. (1) The UK offers some of the world's best music venues. 1 Valuing live music, The UK Live Music Census 2017 report The UK’s first ever national live music census took place in 2017. Here’s a quick breakdown of the report, underscoring the state of the music industry in 2017. 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. The total export revenue of the music industry was £2.7 billion in 2018. 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. 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 … 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. 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. "The UK live music industry has continued to grow during the past five years, despite the tough prevailing economic environment. 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. 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. Global growth by region. The Evolution of the Music Industry - Where We Go From Here. UK Music’s inaugural Music By Numbers report published today reveals the key role music plays in the economy.. Concerts and music festivals generate most revenue for this industry in this region, which is also the locale of the most-attended international festivals. 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. Exports are part of this contribution. Live music $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). This includes ticket… Read More 135.1 million albums or their equivalent were either streamed, purchased or downloaded in 2017. Overall, Mintel estimates the value of the UK music festivals and concerts market to be worth just over £2.6 billion in … Find out how the UK music industry has embraced the digital revolution. This item includes data on how UK music fuels the national economy. The global live music industry will continue to grow steadily over the next four years, with music streaming and … 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). UMG to produce virtual-reality live music. 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 Click on the map for the growth figures in each region. Need data on the UK's live music scene? However, it won’t match the strength of the live concert industry. Streaming music revenue will grow to slightly over $23 billion by 2022. The music industry is generally behind companies like Spotify who have introduced six months’ paid parental leave. 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. 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. However, it won’t match the strength of the live concert industry. Home-grown acts, a surge in streaming & resilient demand for physical formats fuel a 9.5% rise in music consumption in 2017. Streaming music revenue will grow to slightly over $23 billion by 2022. Update your browser to view this website correctly. 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. 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. Applications for Round 19 funding now open – must be submitted by 4th January 2021. ... Find out how the UK music industry has embraced the digital revolution. From the BPI 02.12.20. We are a streaming generation with our iTunes and Spotify apps a click away on our smart devices. 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 Fact #1: Nearly half of all on-demand streaming is done through YouTube. Live music contributed £1.1bn of UK Gross Value Added (GVA) in 2018. 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. Shannon Noll appointed ambassador for live music. As it stands, streaming is contributing 75% of the global music industry revenue. “I haven’t seen people spending this much money on live music since the late ’90s,” says Tommy Goodwin. Update my browser now, The Live Music sector made contribution of £1.1 billion in 2018, By Fiona Hope ⋅ 01. Engagement with streaming drives growth of the global music market . Indian Music Industry Stats: India's Digital Revolution By the Numbers. 68.1 billion audio streams were served – now accounting for … 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. 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. 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 The UK music industry is involved in international trade missions and events. Still, there are some surprising stats out there. 2 But stats on the music industry aren’t so easy to come by. Click on the map for the growth figures in each region. Live music is a key driver of tourism to the UK. 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. 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 … If you go looking for stats on marketing, they’re easy to find. Silver Platinum Silver. The UK Music Industry debrief. We face many challenges to ensure we keep our music industry vibrant, diverse and punching above its weight. Since 2006, worldwide music industry revenues have been more than $60 billion each year. 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. As it stands, streaming is contributing 75% of the global music industry revenue. The Live Music sector made contribution of £1.1 billion in 2018 – up 10 per cent from £991 million in 2017. 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. © 2020 Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. Published: November 20, 2019. The music industry rewards diversity now more than ever before. News. Live music was worth 1.5 billion euros in the UK, and 0.9 billion euros in France. Particularly, interactive streaming via services like Spotify, Apple Music, YouTube, and Amazon Music is spearheading industry growth. Read more . 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. Meaningful music streaming statistics have shown that music streaming is the force behind the rapidly growing music industry. Successful British acts including Ed Sheeran, Dua Lipa and Sam Smith, who helped exports of UK music soar in 2018 to £2.7 billion. Data on the global successes of the UK music industry. Key statistics about the size, growth and profile of the UK music industry. In 2018, streaming accounted for 75% of … Total revenues of the music industry are estimated at $7 billion, generated by 3 main sub-industries: live, recording and publishing. 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. These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. After analysing the earnings of 21 million Discover all 2019 music industry trends in the brand-new Midem News Magazine. Employment in the Live Music sector rose by seven per cent to 30,529 – up from 28,659 in 2017. We know there are also some specific challenges for the 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. However, this is not a time for complacency. This will be another record-breaking year for live music. © JM Enternational, Courtesy BRIT Awards Limited/BPI. 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 . Over the same period, streaming revenue went up by 43%. 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. 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”. The 2019 edition has just been released and it brings you the latest music industry trends. 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.. Employment in the industry hit an all-time high of 190,935 in 2018. The promoter works with the recording artist and the owner of venues where the artist will perform. The key facts in Music By Numbers 2019 include:. BRIT Certified. Image: Dua Lipa, © JM Enternational. The Live Music sector made contribution of £1.1 billion in 2018 – up 10 per cent from £991 million in 2017. Reflected within this figure, label revenues rose three per cent in 2018, representing the third year of consecutive growth. Particularly, interactive streaming via services like Spotify, Apple Music, YouTube, and Amazon Music is spearheading industry growth. That’s why we will be pressing the Government on a number of key issues. 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 UK music industry contributed £5.2 billion to the UK economy in 2018. Another music industry professional is a promoter, who is hired to assist with live music performances. The booking agency promotes the artist and gets the live performance setup. Music exports are another amazing success story with the best of British creative talent being showcased across the globe. This post features 10. The music industry has changed quite a bit over the last couple of decades, all thanks to new technology. 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. The UK music industry contributed £5.2 billion to the UK economy in 2018. 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. This comes as half (48%) of UK adults make efforts to reduce their carbon footprint. 03. 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. Ariana Grande. Music + Rugby to bring live music to UK stadia. The Live Music Trends Changing the Industry; The Live Music Trends Changing the Industry. “We need to do more to protect grassroots venues by helping them combat soaring business rates. Music Export Growth Scheme returns to boost British music exports. Image: Rag 'N' Bone. 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. Get exciting news, exclusive insights through leaders’ interviews, and much more! There is no room for complacency because we face significant challenges ahead. Representing the third year of consecutive growth Numbers 2019 include: bit of an enigma was billion... 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