Sales Of Music In The UK Have Dropped For The Fourth Year Running

…But it’s estimated that Adele and Coldplay have saved the industry around the world.

Adele, Coldplay and money

In a report by the organisation UK Music , it’s been estimated that sales of recorded music in the UK have fallen from £615 million to £610m in the past year.

But it’s not all bad news - 1 out of every 6 albums sold around the world was by a British artist, meaning music contributed £4.1 billion to the UK economy in 2015.

That, according to the number-crunchers, is out-performing the overall growth of the UK economy.

Thanks to the huge sales of Coldplay and Adele albums around the globe, exports have racked up over £2 billion in 2015.

And it’s reported that 767,000 tourists attended UK gigs, giving us £1.1 billion in cash. Cheers.

Culture secretary Karen Bradley MP says: “People around the world get their first taste of British culture via our music, while for millions at home it is a source of entertainment and creative expression.”

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