Feeds

UK music worth £3.9bn

Bucks recession trend

5 things you didn’t know about cloud backup

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). ®

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?