Feeds

UK music worth £3.9bn

Bucks recession trend

Security for virtualized datacentres

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). ®

New hybrid storage solutions

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
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
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
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.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
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.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.