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Didn’t we / you / they do well – UK share of global music market reaches new high
By Chris Cooke | Published on Thursday 4 June 2015
Just in case there was any doubt whatsoever, the BPI has put out a bunch more stats telling us all how well British artists are doing worldwide at the moment, confirming that UK artists accounted for 13.7% of global music sales in 2014, the highest rate in five years. So well done Ed, Sam, James, Paloma, Harry, Niall, Liam, Louis, Chris, Jonny, Guy, Will, Dan, Hannah, Dominic, Nick, Roger, Richard, David and Syd, have yourself an extra Hob Nob with your coffee. Well, those of you who are still living.
And now here’s BPI boss Geoff Taylor with some words: “The achievements of UK artists and labels in 2014 were truly outstanding. They dominated sales at home like never before, releasing all of the top ten best-selling artist albums of 2014, while climbing higher than ever in the charts overseas. Music is a tremendous exports success story for the UK – all around the world, fans are listening to the records we produce, supporting not only our balance of trade but a positive image for Britain overseas”.
The BPI unleashed its latest stats as the UK record industry’s collecting society PPL had its annual general meeting, confirming record revenues from the services and music users it is empowered to licence, with £187.1 million collected and £161.2 million distributed to labels and artists last year.
International income, ie royalties collected for those labels and artists PPL reps for performing rights worldwide, was up 6%, partly by the organisation securing reciprocal agreements with nine more counterpart societies around the globe, but partly also by UK artists making tunes that those crazy foreigners just can’t stop playing.
So hurrah one and all and you and them and everyone. And now I want a Hob Nob.
