Feeds

UK music worth £3.9bn

Bucks recession trend

Intelligent flash storage arrays

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). ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.