Feeds

UK music worth £3.9bn

Bucks recession trend

The Essential Guide to IT Transformation

The UK music industry grew 4.7 per cent last year, according to the PRS annual survey.

What's remarkable is that consumers spent pretty much the same in 2009 as they did in 2008 - while computer game sales fell 11 per cent, and DVD movie sales fell 10 per cent.

Live music continues to boom, with revenues up 9.4 per cent to £1.537bn. Retail recorded music was flat at £1.356bn. Royalties from businesses that use music, income from advertising companies, and sponsors was reckoned to be £967m.

As noted here several times before, the CD is really doing quite well too now it's cheaper - you can think of it as a high quality, DRM-free lossless file with its own backup medium. PRS economist Will Page credits retailer HMV for offsetting the loss of Woolies and Zavvi.

The average retail price of a new CD is now down to £7.99, although promotions often mean selected items can be picked up for three or four quid. Per capita revenue for UK music is $26.52 compared to the US $15.08.

However, the survey questions how long the live music boom can last - artists have been getting greedy, and failing to sell seats. The US market saw 17 per cent lower revenues from the 100 biggest tours.

"The gap between the grass roots acts and superstars is widening, both in touring and at events where the big names are needed to attract fans. This gap is also reflected in the fees demanded by many top acts (AC/DC at Download this year was a prime example)," notes Page.

"Down in the tail, the closure of pubs puts more pressure on the low end of the market, which makes it increasingly difficult for emerging talent to find an audience."

You can find the report here (2MB pdf). ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.