Sales Of Music In The UK Have Dropped For The Fourth Year Running
12 September 2016, 12:43 | Updated: 12 September 2016, 13:34
…But it’s estimated that Adele and Coldplay have saved the industry around the world.
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.”