The Australia Idol contestant will front a new $150,000 fund for regional NSW micro-festivals. That growth is primarily powered by the rise of streaming services. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User : September 2020 $ 3000 The International Live Music Conference is a professional event for those working at the top of the concert industry, but for a quick and easy description of the business, please read on… The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). The Department for Digital, Culture, Media and Sport informed us that: According to the International Passenger Survey in 2016, 1.9m international visits to the UK were made with the intention of attending a live music event and 1.3m visitors came to the UK intending to attend a festival. Total concert attendance in 2018 remained level at 24.9 million, but again the biggest growth was festivals, where the total audience in 2018 soared by 23% to 4.9 million – up from 4 million in 2017. These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. As social distancing and self-isolation saw the UK consumer head indoors, this was generally good news for those serving up engaging in-home content, such as over-the-top (OTT) video services, video gaming, music, podcasts, and internet access. The Music Creators sector represents almost half of the UK music industry Gross Value Added (GVA) contribution at £2.5 billion, strongly demonstrating how creation is the beating heart of the music industry. Live music For example, over 20 million people attend live musical events in the UK. Other revenue streams, such as touring and live performance (28%), teaching (22%), and salary as an employee of a symphony, band or ensemble (19%) represent the most lucrative income streams for the average musician The total value of the recording industry was $15 billion in 2015. The total export revenue of the music industry was £2.7 billion in 2018. The sector has become increasingly important to the livelihood of artists and musicians in recent years because of the global downturn in the sales of recorded music. “We need to do more to protect grassroots venues by helping them combat soaring business rates. 2 Need data on the UK's live music scene? Industry Data. As it stands, streaming is contributing 75% of the global music industry revenue. According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. 02.12.20. From protecting intellectual property to safeguarding the grassroots sector and growing the talent pipeline, the Department for Digital, Culture, Media and Sport will continue working with UK Music to allow this country’s music industry to grow and flourish”. Home-grown acts, a surge in streaming & resilient demand for physical formats fuel a 9.5% rise in music consumption in 2017. Summary: The music industry isn’t the most transparent. This comes as half (48%) of UK adults make efforts to reduce their carbon footprint. 01. It’s the fastest-growing economy out of the top-10, projected 7% CAGR up until 2023.This almost unprecedented economic growth is powered by the population of 1,35 billion people, which keeps on rising — India is expected to … Music tourism alone contributed £4.5 billion spend to the UK economy in 2018 – up 12 per cent from £4 billion in 2017. UMG to produce virtual-reality live music. News. According to Ibis World this will result in £17.1m Profit between 1,688 businesses which pay out £68.2 million in wages. There is no room for complacency because we face significant challenges ahead. Live music. Employment in the Live Music sector rose by seven per cent to 30,529 – up from 28,659 in 2017. UK Music’s inaugural Music By Numbers report published today reveals the key role music plays in the economy. 4. Live music revenues to top $30bn for first time. Music Export Growth Scheme returns to boost British music exports. The music industry rewards diversity now more than ever before. Global growth by region. Ariana Grande. By 2023, the live music markets in almost all European countries will have seen healthy growth. 68.1 billion audio streams were served – now accounting for … Streaming music revenue will grow to slightly over $23 billion by 2022. The recorded music sector contributed £568 million in GVA to the UK economy, which is a rise of five per cent on £535 million in 2017, and £478 million in exports – an increase of eight per cent on £452 million. The key facts in Music By Numbers 2019 include:. To me, the essence of the 80’s is more about experimentation and NOT the sound itself. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. The UK music industry contributed £5.2 billion to the UK economy in 2018. The UK music industry contributed £5.2 billion to the UK economy in 2018. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. Indian Music Industry Stats: India's Digital Revolution By the Numbers. Only a couple of decades ago, from a business perspective most recording artists toured because it was the most effective way to advertise their recordings, from … Live music was worth 1.5 billion euros in the UK, and 0.9 billion euros in France. © JM Enternational, Courtesy BRIT Awards Limited/BPI. The key facts in Music By Numbers 2019 include: The flagship annual economic study by UK Music and its members showed that the music industry continued to grow last year across every sector. According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. The music industry is a bit of an enigma. 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