The global success of artists such as Sam Smith and Calvin Harris helped UK music contribute £4.1bn to the British economy in 2014, a new report has revealed.
UK Music’s Measuring Music report revealed that the global recognition and success of these artists helped recorded music exports rise 17 percent year-on-year as British artists once-again dominated the global charts.
Live music revenues were up by 17 percent year-on-year and total industry employment now stands in excess of 117,000.
Jo Dipple, UK Music chief executive, said: ‘2014 proved to be another hugely successful year for British music. The sector outperformed the rest of the UK economy and grew by five percent year-on-year.
‘Music contributed a staggering £4.1bn to the UK economy, and exports generated £2.1bn. The UK’s cultural footprint and soft power were driven by the global success of artists like Sam Smith, Ed Sheeran, Pink Floyd, Ellie Goulding, One Direction and Calvin Harris.’
Further findings showed that one in seven albums sold across the globe in 2014 were by UK artists while revenues for British publishers topped £400m for the first time during the 12 month-period.
Visit the UK Music website to read the full report.
UK Music’s Measuring Music report revealed that the global recognition and success of these artists helped recorded music exports rise 17 percent year-on-year as British artists once-again dominated the global charts.
Live music revenues were up by 17 percent year-on-year and total industry employment now stands in excess of 117,000.
Jo Dipple, UK Music chief executive, said: ‘2014 proved to be another hugely successful year for British music. The sector outperformed the rest of the UK economy and grew by five percent year-on-year.
‘Music contributed a staggering £4.1bn to the UK economy, and exports generated £2.1bn. The UK’s cultural footprint and soft power were driven by the global success of artists like Sam Smith, Ed Sheeran, Pink Floyd, Ellie Goulding, One Direction and Calvin Harris.’
Further findings showed that one in seven albums sold across the globe in 2014 were by UK artists while revenues for British publishers topped £400m for the first time during the 12 month-period.
Visit the UK Music website to read the full report.
