Feeds

UK music worth £3.9bn

Bucks recession trend

Beginner's guide to SSL certificates

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). ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.