UK music industry will halve in size due to Covid, says report https://ift.tt/3pC3uK4 Mark Sweney Growth of 11% in 2019 predicted to reverse this year with collapse of live sector Coronavirus – latest updates See all our coronavirus coverage The UK music industry is set to halve in size this year as issues including an effective shutdown of concerts, gigs and festivals strip £3bn from its contribution to the economy. UK Music, the umbrella organisation representing the commercial music industry from artists and record labels to the live music sector, has revealed that the industry grew by 11% last year to be worth £5.8bn to the UK economy. Continue reading... https://ift.tt/eA8V8J November 18, 2020 at 02:01AM

Growth of 11% in 2019 predicted to reverse this year with collapse of live sector

• Coronavirus – latest updates
• See all our coronavirus coverage

The UK music industry is set to halve in size this year as issues including an effective shutdown of concerts, gigs and festivals strip £3bn from its contribution to the economy.

UK Music, the umbrella organisation representing the commercial music industry from artists and record labels to the live music sector, has revealed that the industry grew by 11% last year to be worth £5.8bn to the UK economy.

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from The Guardian https://ift.tt/3pC3uK4