Live shrinks slightly in 2017 as UK music biz grows £100m
The gross value added to the UK economy by the music industry grew 2% last year, driven largely by recorded music and publishing, reveals the Measuring Music 2018 report
News By | 1 November 2018
The British live music industry had a solid, if unspectacular, 2017 – contracting slightly from the record high of £1 billion gross value added (GVA) seen in 2016 to deliver an economic boost worth £991 million last year, according to the latest UK Music Measuring Music report.
Measuring Music 2018, published today (1 November), shows the UK music industry as a whole, however, grew by 2% – or £100m – in 2017, to contribute a record £4.5bn to the economy, driven by big rises in recorded music and publishing revenues.
GVA…
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