07/09/19: UK Music chief executive Michael Dugher has welcomed figures from the BPI that show British music exports have risen to a record high.
The BPI announced at its AGM today that overseas earnings from recorded music rose by 11.1 per cent in 2016 to £364.6 million – up £36.4 million from £328.2 million in 2016.
The figures, compiled by the BPI based on an annual survey of its record label members, reveal the strongest performance since the BPI began its annual survey in 2000. International revenues have soared 72.3 per cent since 2010.
Commenting, Mr Dugher said:
“These fantastic figures from the BPI show the huge success of the UK’s music industry overseas and reflects the global appeal of British artists. They have contributed to an overall total of more than £4 billion to the UK’s overseas earnings since 2000 and help spread the best of British culture across the world. But, with Britain heading for Brexit, it is more important than ever that the Government helps safeguard the music industry by ensuring music rights are protected and touring is not made more difficult with extra costs and red tape.”
Announcing the rise in overseas music exports Geoff Taylor, Chief Executive BPI & BRIT Awards, said:
"With Britain leaving the EU, the UK needs businesses that are true global superstars. Music by brilliant British artists such as Ed Sheeran, Adele, David Bowie, Coldplay and Sam Smith is streamed and purchased the world over, boosting the UK’s balance of payments. The global digital streaming market represents a huge new opportunity. Government can help to seize that opportunity by making sure our artists can tour freely post-Brexit and that third countries robustly protect music rights.”
Digital Minister Matt Hancock said:
"This fantastic economic success is a huge testament to the UK music industry and the wealth of talent and creativity underpinning it. Not only is music a crucial factor in bringing international investment to our shores but it is also the introduction to British culture for many people around the world.”