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BPI reports that revenues for recorded music in the UK rose for an eighth successive year in 2022, fuelled by streaming growth, continuing demand for vinyl, and substantial label investment in artists.
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One in three jobs in the British music industry were lost during the Covid-19 pandemic, according to a report from trade body UK Music.
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Strong growth from streaming and vinyl, as the British public turned to music during the lockdowns, more than offsets the impact of the pandemic.
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According to a new study, nearly two-thirds of UK musicians are considering exiting the music industry.
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