The society of songwriters, composers and publishers said that revenue earned from the use of British music overseas rose by £100m from 2002 to 2011. Last year, international revenues hit £187.7m, up by 10.6 percent on £169.6m in 2010.
Widespread popularity of British music, coupled with improved licensing of its use and efficiency of distribution around the world, have been responsible for the growth. The UK is now one of only three countries in the world that is a net exporter of music, alongside the US and Sweden.
The success of stadium acts such as The Rolling Stones, Muse, U2 and Paul McCartney means live music income has seen substantial growth from £2.2m to £21m in the past decade.
Meanwhile, many recent international chart hits by Adele, Rihanna, The Wanted and Nicki Minaj were penned by British songwriters, bringing record royalty earnings in the past 12 months.
Revenues from UK music used on television have doubled from £29m to £60m due to the proliferation of channels, wider distribution of British repertoire through formats such as X Factor and Pop Idol, and the popularity of shows such as CSI and Grey’s Anatomy that use music by British songwriters.
The society also reported that the months from April to June this year saw its members’ repertoire reach unprecedented levels of success in the US charts.
The ‘Adele factor’ was the main contributor, as Ms Adkins had three hits during the period. Set Fire to the Rain was her biggest success, reaching number two in the Airplay Chart in early April, having been number one the previous quarter.
British boy band The Wanted also performed well, with their track Glad You Came, written by Wayne Hector, Steve Mac and Ed Drewett, reaching number two in the Airplay Chart in April.
Scottish songwriter and producer Calvin Harris also had a record quarter, helped by his work with Barbadian singer Rihanna. He has songwriting credits on her two hits We Found Love and Where Have You Been.
Harris also enjoyed success with solo track Feel So Close, which peaked at number 16 in late April, and Let’s Go, featuring Ne-Yo.
Other US hits from the second quarter of 2012 include Domino by Jessie J, Lights by Ellie Goulding, and Without You by David Guetta featuring Usher – a Taio Cruz co-write.
Karen Buse, Director of International at PRS for Music, said: 'These are very strong trends which underpin the success of our songwriters and the UK music industry on the global stage.
'While it has been a particularly strong year for music distribution via platforms such as the 2012 London Olympics this much is clear: music is a great British success story. It contributes significantly to our economy and promotes our endemic creativity and culture.'
Widespread popularity of British music, coupled with improved licensing of its use and efficiency of distribution around the world, have been responsible for the growth. The UK is now one of only three countries in the world that is a net exporter of music, alongside the US and Sweden.
The success of stadium acts such as The Rolling Stones, Muse, U2 and Paul McCartney means live music income has seen substantial growth from £2.2m to £21m in the past decade.
Meanwhile, many recent international chart hits by Adele, Rihanna, The Wanted and Nicki Minaj were penned by British songwriters, bringing record royalty earnings in the past 12 months.
Revenues from UK music used on television have doubled from £29m to £60m due to the proliferation of channels, wider distribution of British repertoire through formats such as X Factor and Pop Idol, and the popularity of shows such as CSI and Grey’s Anatomy that use music by British songwriters.
The society also reported that the months from April to June this year saw its members’ repertoire reach unprecedented levels of success in the US charts.
The ‘Adele factor’ was the main contributor, as Ms Adkins had three hits during the period. Set Fire to the Rain was her biggest success, reaching number two in the Airplay Chart in early April, having been number one the previous quarter.
British boy band The Wanted also performed well, with their track Glad You Came, written by Wayne Hector, Steve Mac and Ed Drewett, reaching number two in the Airplay Chart in April.
Scottish songwriter and producer Calvin Harris also had a record quarter, helped by his work with Barbadian singer Rihanna. He has songwriting credits on her two hits We Found Love and Where Have You Been.
Harris also enjoyed success with solo track Feel So Close, which peaked at number 16 in late April, and Let’s Go, featuring Ne-Yo.
Other US hits from the second quarter of 2012 include Domino by Jessie J, Lights by Ellie Goulding, and Without You by David Guetta featuring Usher – a Taio Cruz co-write.
Karen Buse, Director of International at PRS for Music, said: 'These are very strong trends which underpin the success of our songwriters and the UK music industry on the global stage.
'While it has been a particularly strong year for music distribution via platforms such as the 2012 London Olympics this much is clear: music is a great British success story. It contributes significantly to our economy and promotes our endemic creativity and culture.'
