Music Ally UK Music Market Report, Q1 2018
10 Feb 2018
The British music industry started 2018 with Ed Sheeran riding high in the global charts and also celebrated significant rises in both domestic music spending and consumption. And yet it is hard to shake afeeling of uncertainty among the country’s music business, with the consequences of Brexit likely to become more apparent as 2018 progresses.
This 3-page brief considers the trajectory of UK recorded music in 2018 and beyond, in terms of sales value and volume, largely based on 2017 stats published by ERA and those of the BPI, within the first few weeks of 2018. The numbers point to recorded music enjoying growth not seen for twenty years, and streaming just tipping over into the largest share of consumption, based on ‘album equivalent sales’.
Quite how the UK music industry will fare post-Brexit is a moot point, and the report cautions against speculation that there can be radical legislative changes on issues such as ‘safe harbour’, post-EU.
Key amongst the challenges for sustained growth, centre on closing the so-called ‘value-gap’, the freedom to tour without territorial barriers, and forging a safe online environment for consumers.
Music Ally, Publ. Jan 2018
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