Industry body UK Music has published its latest ‘This Is Music’ annual report, and it has some sobering stats on Covid-19’s impact on the British music industry.
The report claims that employment fell by 35% from 197,000 people in 2019 to 128,000 in 2020, while the industry’s economic contribution nearly halved from £5.8bn to £3.1bn over that period. The job losses hit musicians and people working in the live industry particularly hard: both areas where self-employment is common, and where people could slip between the cracks of the various government support schemes.
“This has resulted in thousands of music creators, crew and others leaving the industry for other sectors,” claimed the report. “Many are still committed to a career in music, but necessity has meant finding alternative sources of income.” You can read the full report here.
Strangely (or perhaps not, given that UK Music is an umbrella body for organisations that have widely differing views on the matter) the report does not address the fallout from the UK’s parliamentary inquiry into streaming economics and industry dynamics. Although that inquiry reported this year, so perhaps in the 2021 annual report…
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