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British annual music exports increase to record high of £775 million as UK artists continue to rank among world’s biggest music acts.
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The document sets out the BPI’s Vision and Strategy to actively promote Diversity, Equity and Inclusion (DEI), both within BPI and in support of the important work taking place across its membership and the wider music industry.
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Grow Music, the first-of-its-kind innovation programme for the music industry launched in partnership by the BPI and business growth agency London & Partners, has officially kicked off its pioneering 12-week business support programme London, East and South East-based music-related SMEs.
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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.
