The process of the UK exiting the European Union (‘Brexit’) may be mired in political chaos – the outcome of which could have significant effects on artists and music companies alike – but there was at least some good governmental news for British creative industries yesterday.
Their value to the UK has grown from £94.8bn in 2016 to £101.5bn in 2017, and since 2000 their value has grown at nearly twice the rate of the overall economy. This is according to official figures from the UK’s Department for Digital, Media, Culture and Sportissued yesterday. Music, games, TV and film, advertising, radio and museums are among the sectors included in the figures.
The stats in themselves don’t change anything particularly, but the music industry will hope they reinforce its clout when lobbying on a range of issues, from post-Brexit (if Brexit happens) challenges for musicians through to the ongoing battles around copyright and safe harbour.