Regardless of the continued disaster for small venues within the UK – with a mean of two small venues closing each week – the nation’s reside music enterprise has hit new heights, with the business’s contribution to the financial system exceeding £6 billion for the primary time in 2023 (p. The typical trade fee for the 12 months was calculated at $7.46 billion).
That is in accordance with a brand new report from business group resideRevealed on Wednesday (September 4), it exhibits reside music recovering from the downturn of the Covid-19 pandemic, with its financial influence rising 17% annual enhanceand above 35% Beginning in 2019, the final full 12 months earlier than the pandemic.
The report notes that the business has efficiently handled “challenges together with excessive inflation, the price of residing disaster and post-Brexit journey points”.
London accounted for 30.6% of UK reside music income, adopted by Manchester 7.4% with glasgow 5.5%. Different markets within the high ten for reside music income embody Edinburgh, Birmingham, Cardiff and Belfast.
In 2023, reside music offered practically 230,000 jobs within the UK, with annual progress 9.4% Since 2019, the report discovered. This enlargement has been pushed primarily by the live performance sector, which accounts for 73.5% Progress in 2023.
“Many elements of the reside music ecosystem will see vital progress in 2023,” LIVE CEO Jon Collins clarify.
“We ship a few of the music business’s most high-profile excursions and festivals throughout the UK, however we’re additionally seeing rising stress throughout the business, leaving grassroots music venues and festivals with little selection within the face of rising revenues. , can solely be closed.
“We ship a few of the music business’s most high-profile excursions and festivals throughout the UK, however we’re additionally seeing rising stress throughout the business, leaving grassroots music venues and festivals with little selection within the face of rising revenues. , can solely be closed.
Jon Collins, reside efficiency
Earlier this 12 months, the UK music venue belief It mentioned that by 2023, a mean of two “grassroots” music venues will shut within the UK each week. With a mean capability of over 300 individuals, these venues are very important to the event of recent music acts.
“Extra persons are going to reside live shows than ever earlier than. However the actuality is the price of hiring rising expertise — artists who’re looking for an viewers for the primary time, possibly on their first tour, possibly even on their First time gig – these are [shows] These that may least afford it, people who have essentially the most cash to lose,” Music Venue Belief Founder and CEO Mark David Tell MBW.
LIVE’s report calculates 126 Grassroots venues closed final 12 months; 36 Festivals have been cancelled.
LIVE has expressed help for a proposal made earlier this 12 months british parliamentary committeeto scale back 20% LIVE mentioned the observe was “disruptive and uncompetitive” in comparison with different European markets.
Collins mentioned: “Reintroducing decrease VAT on tickets will convey the UK in keeping with worldwide rivals and is significant to unlocking the financial potential of our business.”
“With the discount in VAT on tickets, we might see the business develop additional, supporting extra jobs, producing extra funding and internet hosting extra exhibits, festivals and vacationer occasions for individuals to get pleasure from.”
Web site Chairman Steve Lamarque Including that final 12 months, “we’ve seen a lot of the reside music world overcome adversity; followers can get pleasure from extra live shows and festivals than ever earlier than within the face of hovering prices attributable to inflation, the cost-of-living disaster and labor shortages.
“Nevertheless, we can’t overlook that pressing motion is required to help the various grassroots venues, artists and festivals that continued to wrestle final 12 months.”international music enterprise
