0 Members and 1 Guest are viewing this topic.
The caption to the image below is: “This is the graph the record industry doesn’t want you to see.”Why not?Because, says Times Labs Online which prepared it, “compiled from a PRS for Music report and the BPI,” it make two things clear »»»that the growth in live revenue shows no signs of slowing; and, that live is by far and away the most lucrative section of industry revenue for artists themselves, because they retain such a big percentage of the money from ticket sales. Hopefully, says the article, “this analysis … sheds some factual light on the claims and counter-claims that are paranoically sweeping across the music industry establishment, not least that put forward by the singer Lily Allen in this paper recently – and the BPI – that artists are losing out as a result of the fall in sales of recorded of music.”Even more striking, perhaps, is the discovery that, “revenues accrued by artists themselves have in fact risen over the past 5 years, despite the fall in record sales,” says Times Labs, continuing »»»It’s interesting too that, overall, industry revenues have grown in the period – though admittedly not by much – which arguably adds strength to the notion that, when the BPI releases its annual report claiming how much ‘the music industry’ has suffered from the growth in illegal file-sharing, what it perhaps should be saying is how much the record labels have suffered.“For other people in the industry, not least artists, the future arguably holds more promise,” it adds.
