Naman Ramachandran British recorded music exports experienced significant growth in 2022, surpassing previous records despite intensifying global competition.
Figures published by the BPI, the trade association representing the U.K.’s leading music companies and record labels, reveal a 20% increase in the value of U.K.
music sales and streams internationally, reaching £709 million ($901.5 million). This surge signifies a jump of over £100 million within a single year.
This marks the highest level of annual exports since 2000, when the BPI initiated its annual survey on labels’ overseas income.
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