The BPI is the representative voice of the UK recorded music business. The BPI is a trade organisation funded by their members. The BPI's members include the UK's four major record labels and hundreds of independent music companies. BPI members account for approximately 90% of all recorded music sold in the UK, and globally the UK's recorded music market is the third biggest.
Established in 1973, the BPI was mandated to "discuss matters of common interest and represent the British record industry in negotiations with Government departments, relevant unions and other interested parties and to promote the welfare and interests of the British record industry."
The BPI organises the annual BRIT Awards show as well as the Classical BRIT Awards show. The organising company BRIT Awards limited, is a fully owned subsidiary of the BPI. Substantial proceeds from both shows go to the BRIT Trust, the charitable arm of the BPI that has donated almost £15m to charitable causes nationwide, since its foundation in 1989.
The BPI also co-owns – along with the Entertainment Retailers' Association (ERA) - the Official Charts Company (OCC) which provides the benchmark singles and albums charts in the UK.