Value of UK music industry hits record £7.6bn thanks to superstar tours
by Mark Sweney from World news | The Guardian on (#6SBQR)
Live shows from acts including Coldplay, Elton John, Beyonce and Ed Sheeran help drive revenues
The value of the UK music industry has hit a record 7.6bn after superstar acts including Elton John, Beyonce, Coldplay and Ed Sheeran embarked on Covid-delayed tours to cash in on pent-up fan demand for live shows.
UK Music, the umbrella organisation representing the commercial music industry from artists and record labels to the live music sector, said that the economic value of the industry to the UK economy surged by almost 1bn in 2023.
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