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Wolf Alice and BPI urge government to seize £1billion export opportunity for UK music

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Wolf Alice and the BPI have called on the government to take advantage of a £1billion exports opportunity for UK music.The latest figures for British music exports show that all sectors of music exports made £2.9billion between January 2019 and December 2019.

Of that sum, recorded music brought in £518million.According to a new report, All Around The World, revenues from recorded music could grow up to more than £1billion a year by 2030.The report, which was published by the BPI, has forecast those global takings to “rise to almost $40billion (£30b) in the next nine years.“Alongside long-established markets in Europe, North America and Australasia, where our music has traditionally been hugely popular, exports opportunities are now also.

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