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The BPI and London & Partners celebrated the culmination of the inaugural Grow Music business support and investor school programme, a first-of-its-kind programme for the UK music industry, and announces the launch of a new programme for 2025.
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The BPI’s Music Export Growth Scheme (MEGS) awards £1.6M to 58 UK artists, supporting independent talent in global markets. Learn more about this essential funding initiative.
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Stars including Lola Young, Myles Smith, Rachel Chinouriri, The Last Dinner Party and more add their voices in calling on UK Government to value and protect copyright, joining the likes of Paul McCartney, Elton John, Dua Lipa, Sam Fender, Kate Bush and others.
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Headed by ABBA, Adele, Ed Sheeran, Lana Del Rey and Wolf Alice, new albums accounted for 43% of vinyl LP purchases in 2021, up markedly from 30% the year before.
The global recorded music market grew by 18.5% in 2021.
Rising physical sales support streaming-fuelled growth.
Rise of 2.5% in UK music consumption to 159 million albums (or their equivalent) – up for 7th year, driven by streaming.
BPI figures to show vinyl LP sales to top 5 million (est. up to 10%) for 2021 – highest in over 3 decades
Music consumption up for a 6th year, with 155m albums or their equivalent either streamed or purchased in 2020 – an 8.2% rise on 2019, with growth led by streaming fuelled by label investment.
