IMPORTANT READ:
Our colleagues at @UK_Music have published the Music By Numbers Report today.
READ THE REPORT IN FULL HERE: https://www.ukmusic.org/research/music-by-numbers-2020

Music by Numbers is essential reading for anyone who wants to understand the scale and scope of the UK Music Industry and the devastating impact of the Covid crisis on British talent, jobs and infrastructure.
READ THE REPORT IN FULL HERE: https://www.ukmusic.org/research/music-by-numbers-2020

The key facts in Music By Numbers 2020 include:
• The UK music industry contributed £5.8 billion to the UK economy in 2019 - up 11% from £5.2 billion in 2018.
• Employment in the industry hit an all-time high of 197,168 in 2019 - an increase of 3% from 190,935 in 2018.

• The total export revenue of the music industry was £2.9 billion in 2019 - up 9% from £2.7 billion in 2018.
• In addition to the industry’s direct economic contribution, music tourism alone contributed £4.7 billion to the UK economy in 2019 - up 6% from £4.5 billion in 2018.

The UK music industry is set to halve in size this year as issues including an effective shutdown of concerts, gigs and festivals strip £3bn from its contribution to the economy.
READ THE LIVE MUSIC CLIFF EDGE REPORT HERE: https://concertpromotersassociation.co.uk/wp-content/uploads/2020/10/REPORT_UK-Live-Music-at-a-Cliff-Edge.pdf

Chief executive of UK Music, @jnjokugoodwin said that the pandemic has dealt a “catastrophic blow” with tens of thousands out of the almost 200,000 people who work in the industry at risk of losing their jobs.
READ MORE: https://www.theguardian.com/business/2020/nov/18/uk-music-industry-will-halve-in-size-due-to-covid-says-report