UK music industry 'bucked downward trend'

Take That's Circus tour Take That had a lucrative live tour during 2009

Related Stories

The UK music industry grew by 5% in 2009 thanks to an upturn in revenue from concerts, according to a report.

Live music events raked in an estimated £1.5bn last year - an increase of more than 9% on 2008 - the Performing Rights Society (PRS) for Music said.

UK Music sales "stabilised" against a global slide in CD revenues, it added, outperforming DVDs and computer games.

"2009 was simply not a bad year," the report said, given the poor state of the global economy.

It acknowledged that huge record sales by Susan Boyle and Michael Jackson may have bucked the downward trend, along with major live events including Take That's Circus tour.

PRS for Music's findings also revealed that live music revenues continue to be concentrated in London, but the city's share is diminishing.

The UK continued to be one of only three countries in the world whose music exports financially outweigh imported music, the others being the US and Sweden, it added.

Meanwhile, British live music overseas generated an extra £4m during 2009 to make a total of £18m.

Earlier this year, the British Phonographic Institute (BPI) reported that the music industry had registered its first growth in sales for six years.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Entertainment & Arts stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.