Streaming has boosted the UK music industry’s exports to more than £ 500m for the first time, according to the British Phonographic Industry Association (BPI).
According to BPI, UK music generated £ 519.7 million in export revenue in 2020, up 6% year-on-year.
According to the trade association BPI, the total is also the highest since the record began in 2000.
This means that the UK is the world’s largest music exporter after the United States, and about one-tenth of all tracks streamed worldwide are now by British artists.
According to BPI, 300 British musicians have already achieved more than 100 million streams per year, while 500 now reach more than 50 million streams per year.
It showed the success of stars such as Dua Lipa, Harry Styles, Lewis Capaldi, Stormzy, and stars such as Ed Sheeran and Adele.
The BPI called on the government for a new music partnership to double its annual exports to £ 1 billion by 2030.
Jeff Taylor, Chief Executive Officer of the BPI and Brit Awards, said: “As Britain recovers from Covid-19 and builds its future as an independent trading nation, music can play a crucial cultural and economic role. We capture the moment in the government and music To be the champion of our global trade ambitions. “
Streaming has grown explosively, but the service has been criticized for how much emerging artists can make.
Earlier this year, parliamentarians were told that musicians and songwriters were “fooled” by how they handle streaming revenue.
Both the Musicians Union and the Ivers Academy for songwriters and composers said MPs, music creators were most influenced by the rise of giants such as Spotify, Amazon Music and YouTube.
Streaming Brings UK Music Exports to Record Level – BPI
SourceStreaming Brings UK Music Exports to Record Level – BPI