The British music industry’s umbrella body, UK Music, has published its latest ‘This Is Music’ annual report this week. Alongside it, the body has called for more support from the British government for musicians and music companies.
The key figures from the report are being wielded to support this call, telling a story of a partial bounceback from the initial hit of the Covid-19 pandemic, but still some way to go to fully recover.
For example, UK Music has calculated that the local music industry’s contribution to the wider economy was £4bn ($4.51bn) in 2021, up from £3.1bn in 2020, but still well down on its peak of £5.8bn in 2019.
The trend is the same for employment (197k music industry jobs in 2019, 128k in 2020 and then 145k in 2021) and exports (£2.9bn in 2019, £2.3bn in 2020 and £2.5bn in 2021).
“Our sector still faces a serious threat from the economic storm that could blow our fragile recovery off course without urgent Government support,” said CEO Jamie Njoku-Goodwin.
UK Music has welcomed this week’s energy-relief measures for businesses, but would like to see tax reliefs and more copyright protection measures – including abandoning plans for a copyright exception for AI text and data mining.
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Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…