Featureflash Photo Agency / Shutterstock.com

As British artists continue to bemoan the Brexit balls-up that threatens their ability to tour Europe, industry body the BPI is offering the British government a timely reminder of the potential value of music exports.

It has published a report claiming that this value could grow to more than £1bn (around $1.39bn) with a key caveat: “if Government works with the music industry to promote British artists overseas”.

That’s the nub of the report: setting out what the BPI wants the government to do. That includes renewing the Music Export Growth Scheme and doubling its grant support; introducing a music production tax credit scheme to encourage investment in that side of the industry; clearing up the mess it’s made of the Brexit agreement (we’re paraphrasing there: the BPI is more diplomatic); and standing firm against any attempts at “watering down of UK copyright” in trade deals.

The report presents all this positively, as spurs for the growth to £1bn of music exports. But you can read into it the industry’s fears too: of the government failing to renew the Megs scheme, and strong US-style safe harbours for UGC platforms rather than following the European Copyright Directive’s model.

Image by Featureflash Photo Agency / Shutterstock.com

Music Ally’s next Learn Live webinar will help you understand what’s required for artists to thrive in new international markets!

Avatar photo

Stuart Dredge

Music Ally's Head of Insight

Leave a comment

Your email address will not be published. Required fields are marked *