Sales of recorded music continue to fall – BBC News
Image copyright AP The success of imitate Adele and Coldplay was inadequate to reverse a fall in earnings from taped music in 2015, market figures reveal.
One from every 6 albums offered worldwide was by a British artist , however the cash produced for the UK economy dropped from 615m in 2014 to 610m.
The worth of live music likewise fell from 924m to 910m, UK Music stated.
However, the overall contribution of the UK music company to the British economy stayed fixed, at 4.1 bn.
Money made through publishing and licensing tunes to ads and movies assisted comprise the deficiency; while the cash made by British manufacturers and taping studios increased from 116m to 119m.
Overall, music market profits grew simply 0.5% in 2015, falling back GDP development.
However, UK Music stated business was “strong” and “resistant”, having actually taped development of 17% because 2012, outmatching the economy as a whole.
“There is every indication that the taped sector will go back to development in 2016,” stated chairman Andy Heath, indicating the ongoing success of Adele’s album, in addition to increased vinyl sales and greater earnings from streaming services.
| Recorded music earnings (source: UK Music) | Year | Revenue 2012 634m | 2013 618m 2014 615m 2015 610m |
The cash produced by membership streaming – from the similarity Spotify, Google Play and Apple Music – jumped by 83m, from 168m to 251m. If free-to-access websites like YouTube paid fairer rates, #peeee
UK Music stated the figure would be greater.
“The earnings from specific ad-funded digital services … efficiently cheapen our music,” stated Heath.
“The difficulty is to encourage all services to appropriately value the remarkably talented music we offer.”
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Read more: http://www.bbc.co.uk/news/entertainment-arts-37317172
