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Creative Industries

British recorded music revenues up 12.8% in 2021 to £1.262 billion; BPI calls for the industry to ‘join together’ to secure growth

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UK recorded music revenue rose by 12.8% in 2021 to reach £1.262 billion ($1.64bn), thanks to solid performance in digital and physical sales, according to trade body the BPI.

It is the seventh consecutive year of revenue growth for the British recorded music industry. The BPI warned that when adjusted for inflation, revenue in 2021 was £368 million below the 2006 CPI (Consumer Price Index)-adjusted figure of £1.63 billion.

Revenue from streaming again led market growth, with a rise ...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Concord acquires the publishing and recorded music catalogues from Tony Banks, Phil Collins and Mike Rutherford

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Tony Banks, Phil Collins and Mike Rutherford have sold their publishing and recorded music catalogues as well as the publishing and recorded music catalogue from their years in the band Genesis to independent music company Concord.

Terms of the agreement were not disclosed. "This announcement reaffirms that Concord is the natural home for artists and songwriters seeking continued focus on their extraordinary legacies," said the company is a statement.

Concord, which has entertained a po...

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Creative Industries

Music deals — Week 37, 2022

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Blackway and the Position/Hive team

Ghanian rapper Blackway has signed an exclusive global record and co-publishing deal with Position Music/Hive Music. Blackway is most known for his work on the single ‘What’s Up Danger’ with Black Caviar, which was featured in the 2018 film ‘Spider-Man: Into the Spider-Verse’. “For about a year and a half, the entire team at Position Music and Hive Music have shown me immense support and provided me with amazing opportunities,” says Blackway. “They have he...

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Creative Industries

Quotes of the week — Week 37, 2022

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"I don't know what to say. What a dump."By Elton John, taking to the stage at the White House where he was presented by President Joe Biden with the National Humanities Medal, during an event on the South Lawn of the White House, drawing laughter from the audience. He went on to perform 'Your Song', 'Rocket Man', 'Tiny Dancer' and 'Crocodile Rock'. John was unaware that he was receiving a medal as President Biden and first lady Jill Biden invited him to the White House to thank him for his musi...

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