{"id":106866,"date":"2024-10-21T18:06:36","date_gmt":"2024-10-21T22:06:36","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2024\/10\/21\/adele-harry-styles-help-boost-u-k-music-exports-in-2023-but-global-competition-slows-growth-2\/"},"modified":"2024-10-21T18:06:36","modified_gmt":"2024-10-21T22:06:36","slug":"adele-harry-styles-help-boost-u-k-music-exports-in-2023-but-global-competition-slows-growth-2","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2024\/10\/21\/adele-harry-styles-help-boost-u-k-music-exports-in-2023-but-global-competition-slows-growth-2\/","title":{"rendered":"Adele, Harry Styles Help Boost U.K. Music Exports in 2023, But Global Competition Slows\u00a0Growth"},"content":{"rendered":"

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\n\tGlobal superstars like Adele<\/a>, Harry Styles<\/a> and Ed Sheeran<\/a> helped British music exports climb to a record high of \u00a3775 million ($974 million) last year, though increasing competition from other international markets such as Latin America and South Korea is putting the U.K.\u2019s long-held status as a \u201cmusic superpower\u201d at risk, according to labels trade body BPI.<\/p>\n

\n\tBPI, which represents over 500 independent labels, as well as the U.K. arms of Universal Music Group, Sony Music Entertainment and Warner Music Group, says 2023\u2019s export tally is the highest annual total since the organization began analyzing labels\u2019 overseas income in 2000 and more than three times the amount recorded a decade ago.<\/p>\n

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\t\t\t\t\tEuropean Indie Trade Groups Call on Regulators to Investigate UMG’s Acquisition of\u00a0[PIAS]\t\t<\/p>\n<\/h3><\/div>\n

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\n\tHowever, last year\u2019s 7.6% rise in export sales \u2014 comprising all physical music sales and streams of U.K. artists overseas \u2014 was less than half of the 20% increase reported in 2022, with BPI estimating that artists from the U.K. now account for less than 10% of global music streams, according to figures released Monday (Oct. 21).<\/p>\n

\n\tIn comparison, as recently as 2015, U.K. artists were estimated to collectively account for 17% of music consumption worldwide, reports BPI, which bases its numbers upon label trade revenue.<\/p>\n

\n\t\u201cIt is encouraging to see British recorded music continuing to perform strongly on the world stage, but we can and must do even better in the face of fierce global competition as rival markets grow at pace,\u201d said BPI CEO Jo Twist<\/strong> in a statement.<\/p>\n

\n\tBPI said the U.K. was no longer just competing against traditional \u201cheavyweights\u201d such as the U.S. and Canada but also with fast-growing music markets in Latin America and countries like South Korea where artists can receive significant government backing.\u00a0\u00a0<\/p>\n

\n\tTo maintain the U.K.\u2019s \u201cproud record as a music superpower,\u201d said Twist, the British music businesses must receive government backing to create \u201ca supportive policy environment\u201d that encourages record label investment in talent. Future legislation around the use of artificial intelligence (AI) in the U.K. must keep \u201chuman artistry at the heart of the creative process,\u201d added the BPI boss.\u00a0<\/p>\n

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\t\t\t\t\tApple Corps CEO Jeff Jones Steps Down After 17 Years at Beatles\u00a0HQ\t\t<\/p>\n<\/h3><\/div>\n

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\n\tAdele, Dua Lipa<\/a>, Sheeran, Styles, The Beatles<\/a>, Queen<\/a> and Elton John<\/a> all ranked among the most streamed U.K. artists globally last year, said the London-based trade organization, citing Luminate data.<\/p>\n

\n\tBreakthrough acts Glass Animals<\/a>, PinkPantheress<\/a>, Raye<\/a> and rapper Central Cee<\/a> all received more than 1 billion streams worldwide in 2023, while around 500 U.K. artists accumulated more than 100 million global streams last year, up from almost 450 in 2022, reports BPI.<\/p>\n

\n\tWorldwide, consumption of British music increased in every region last year, with export revenues rising by 8.2% in North America and 4.8% in Europe \u2014 the two biggest regions for U.K. music exports, accounting for almost 80% of the global total combined. There were also double-digit increases in Latin America (up 17%) and Africa (up 11%), although equivalent monetary values were not provided.\u00a0\u00a0<\/p>\n

\n\tIn terms of countries, the U.S. remains the biggest market for U.K. music sales, accounting for \u00a3321 million ($417 million) in trade revenue, a rise of 8.3% on the previous year. Germany stays in second place with revenue climbing 6.7% to \u00a363 million ($82 million), followed by France (up 2.4% to $57 million). China overtook Sweden to claim tenth position, with British acts\u2019 earnings rising by 11% to \u00a314 million ($18 million) in the country.<\/p>\n

\n\tThe U.K. is the world\u2019s third-biggest recorded music market behind the U.S. and Japan with sales of $1.9 billion in 2023, according to IFPI. It is also the second-largest exporter of recorded music worldwide behind the U.S.<\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Global superstars like Adele, Harry Styles and Ed Sheeran helped British music exports climb to a record high of \u00a3775 million ($974 million) last year, though increasing competition from other international markets such as Latin America and South Korea is putting the U.K.\u2019s long-held status as a \u201cmusic superpower\u201d at risk, according to labels trade […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-106866","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/106866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=106866"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/106866\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=106866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=106866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=106866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}