Search results
This Is Music is the flagship annual economic study by UK Music. The 2022 report reveals how the sector began to recover from the initial impact of the pandemic and what needs to be done to future-proof the industry. The key findings in This Is Music – based on data collated from across the music industry in 2021 – include: UK music ...
It tells the story of 2022, the year when the music industry recovers from the pandemic but where a number of challenges remain. On the positive side, the year is notable for the return of live shows, providing a much-needed boost to revenues and associated sales such as merchandise.
UK Music's annual economic report, This Is Music 2023, outlines the huge economic contribution the UK music industry makes to the economy in 2022. The headline statistics in UK Music’s This is Music 2023 report released are: UK music exports generated £4 billion in 2022.
- How A.I Will Shape All The Aspects of The Music Industry
- How The Way We Consume Music Will Change
- How Different Areas of Media Will Start to Converge
- Conclusion
The development of A.I. will automate a whole host of expensive, time-consuming, and complicated processes across music creation and advertising, cutting out the middlemen and democratizing the industry.
“Voice-mediated music consumption and smart speakers will change the way we consume music” Bob Moz, MD of Techstars Music Voice queries will allow listeners to effortlessly listen to music that suits their immediate mood or preference without having to interact with text interfaces and toggle through albums or playlists. “What do you play when the ...
Barriers that once existed between various media and creative industries like music, fashion, and film are now melting down, and this trend will only quicken in the future. “Record labels are investing more in biopics and documentaries around their artists (e.g. "Bohemian Rhapsody"); gaming companies are partnering with artists on in-game musical c...
In just 20 years or so the internet has completely reshaped the music business, and we’re still only in the early stages of this transformation. Democratization and collaboration will become the order of the day: artists will be able to create professional-quality music on the spot. Streaming will conquer new markets, giving millions of people unli...
Sep 8, 2022 · Music in the Air. Goldman Sachs Research raises its global music industry revenue forecasts following the publication of the 2021 recorded music market figures from IFPI to reflect a more positive view on pricing and revenue from emerging platforms that more than offsets the near-term potential impact of the weaker macro environment.
2021 global recorded music figures came in 11% ahead of our expectations. IFPI released its 2022 Global Music Report earlier this year, reporting a record year of growth for the global recorded music market, up by 18.5% yoy to US$25.9bn in 2021, which was 11% ahead of our prior expectations.
People also ask
Is 2023 a good year for the music industry?
How much did the music industry contribute to the UK economy in 2022?
What is This is music 2022?
Where does the recorded music market grow in 2022?
What is music 2023?
How has the UK music industry changed since 2013?
Nov 7, 2023 · The This Is Music 2023 report reveals that the UK music industry contributed a record £6.7 billion to the UK economy in 2022 in gross value added (GVA), and outlines the huge opportunities available for export growth if given the right support.
Browse new releases, best sellers or classics & find your next favourite book. Huge selection of books in all genres. Free UK delivery on eligible orders
