Adele, Ed Sheeran, Dua Lipa Drive British Music Exports to Record $709 Million
20.07.2022 - 11:05
/ variety.com
Naman Ramachandran British music exports soared 13.7% to a high of £590.8 million ($709 million) in 2021, the highest total on record, per the latest analysis from British Phonographic Industry (BPI), the trade body for independent and major record labels in the U.K.The 2021 total is the highest since the BPI began its annual survey of record label overseas income in 2000 and was driven by a record number of U.K. artists, nearly 400, each achieving 100 million-plus global streams. These include superstars like Adele, Dua Lipa, Dave and Ed Sheeran, and several emerging artists, including Glass Animals, PinkPantheress and Rex Orange County.
More than 600 U.K. artists achieved at least 50 million audio streams, while over 1,500 surpassed 10 million audio streams. The analysis reveals that physical and digital download sales, streams and other consumption of British music increased in Europe by 17.6%, North America by 11.0% and Asia by 11.1%.
Ten of the U.K.’s 20 biggest music export markets experienced double-digit percentage growth on the previous year, led by China with a 61.2% year-on-year increase, the U.S. (up 10.4%), Germany (up 31.3%), France (up 20.1%) and Canada (up 18.%). U.K.
music exports to Latin America rose 12.7% overall, including a 19.2% year-on-year increase in Mexico. However, the U.K.’s share of the global market is under pressure from established markets that are consolidating their share of the world market, such as the U.S. and Europe, and from fast-growing domestic music markets that are achieving greater international success such as Latin America and South Korea, the analysis notes.Geoff Taylor, chief executive BPI, BRIT Awards and Mercury Prize, said: “These record-breaking figures once again
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