UK recorded music revenues up 4.7% in 2022
UK recorded music revenues up 4.7% in 2022 reaching £1.32 Bn according to a recent report by the BPI. This marked the sector’s eighth consecutive year of revenue growth, led by streaming. However, when adjusted for inflation, the figure falls hundreds of millions of pounds below the total reported in 2006. Growth in 2022 was again fuelled by climbing streaming revenues, which rose 6.3% year-on-year to £885 million and which now account for 67.2% of industry revenue – up from […]