Industry News: “UK Music revenue down 6.1% in 2012″ Published by @Lanredavies

Recorded music revenue in the UK was down 6.1% year-on-year in 2012, according to the IFPI’s Recording Industry in Numbers 2013 report.

As part of the global trade body’s worldwide round-up the UK’s recorded music revenue totaled £835.2 million compared to £889.4 million in 2011.

Physical product dropped to $645.5 million in 2012 from $815.5 million (-20.8%) in 2011 while digital grew from $447.8 million to $523 million (up approximately 16.8%).

Performance rights revenue grew from $114 million to $128.4 million (+12.6%) while sync revenue dropped to $28.9 million from $34.4 million (down approximately 16%).

Music Week

http://amarudontv.com/2013/04/08/industry-news-uk-music-revenue-down-6-1-in-2012/