Gene Simmons may be claiming that "rock is dead," but the music industry is continuing to prove its immense pull. The Hollywood Reporter notes that the business contributes $6.2 billion to the United Kingdom's economy.
A recent report from the trade organization UK Music details the results of its "Measuring Music" survey, which breaks down the contributions of the music industry in terms of "sales, publishing, concerts, recording studios, collecting societies, managers and music trade bodies."
One of the most notable takeaways from the survey appears to be the rise in revenues by "musicians, singers, composers, songwriters and lyricists," as THR claims. The total comes to $2.8 billion as opposed to the $2.6 billion from 2012.
Further analyses in the survey include live music sales in the UK, which climbed to $1.3 billion from last year's $1.1 billion; the rising incomes from music publishing, which totaled $709 million; and revenues by music producers, studios and its staff, which equaled $166 million, up from $130 million.
Per the account, the only income in the industry that was reported down was recorded music sales, which fell from $1.03 billion to $1.01 billion.
Other notable contributions came from both music representatives ("collecting societies" and managers), which landed at $130 million as well as UK music exports, which totaled $3.6 billion as opposed to last year's $2.3 billion.
On the detailed survey, UK Music CEO Jo Dipple said, "We all know how amazing British music is. Now we can put a figure to its value. We lead the world in songwriting, composing, production, recordings and live performances... Measuring Music provides us with the data to accurately show Government and policy makers how important an industry we are to the UK economy."
For the full report, visit THR.
Photo courtesy of UK Music Official Facebook Page
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