UK music biz struggles to keep up with pre-pandemic economic boom music The UK music industry is still struggling to keep up with pre-pandemic levels, as the sector calls for more support. According to fresh data from industry body UK Music, the sector’s contribution to the UK economy in 2021 was £4bn – up 26 per cent on the £3.1bn figure for 2020, but still down 31 per [...]
Exclusive: Subscribers more likely to cut video rather than music says Deezer CFO EXCLUSIVE Deputy CEO of Deezer has said users are more likely to cut video streaming subscriptions than they are music as consumers are forced to tighten their belts on subscriptions.
Sell on you crazy diamond: Bidders flock for Pink Floyd’s music catalogue music sale Yet another suitor has joined the race to snap up Pink Floyd's music rights catalogue in an estimated £400m bid.
The BRIT: The school behind Adele turns 30 August 31, 2022 As the new academic year approaches, Croydon’s The BRIT School celebrates 30 years of churning out some of the world’s top talent.
Live music faces ‘existential threat’ as energy crisis dawns August 30, 2022 The music business has warned that venues and studios are in the midst of an “existential threat” amid the energy crisis and lack of support.
Watchdog dismisses concerns that music streaming causes harm to artists and backs consumer choice July 26, 2022 The UK competition watchdog has found that music streaming delivers good outcomes for consumers and dismisses concerns that the concentrated market is causing harm or driving the issues raised by artists.
British music exports hit record high as big hitters dominate charts July 20, 2022 The value of British music exported overseas has hit a new annual high, up 13.7 per cent to £590.8m in 2021.
Record industry could save £200m as court order extends pirate website block to mobile networks July 12, 2022 The music industry celebrates this morning after a High Court Order forces mobile providers to start blocking pirate music websites, potentially saving the record industry £200m a year. Website blocking acts as a powerful legal remedy for those who own and invest in copyright and brands from music, film, sports and gaming industries, whose rights [...]
French music streamer Deezer drops 35 per cent at debut July 5, 2022 Shares in Deezer have plunged over 35 per cent in the French music streamer's first day of trading as the markets struggle to see how it can compete with the likes of Apple Music and Spotify.
Royalty rate rocks for Hipgnosis Songs Fund following US ruling July 3, 2022 Shares in Hipgnosis Songs Fund climbed today after after a fresh court decision effectively meant it will be able to collect a greater royalty rate for music streaming. It comes after the US Copyright Royalty Board upheld its decision regarding the top-line streaming royalty rate for songs, which boosted the percentage of streaming service revenue [...]