UK live music brings £4.4 billion boost to economy but income generated from grassroots venues takes a dive
News: 20th September 2017 by Louise Dodgson under Live
For once a little positive music industry news, as UK Music have reported that an increase in gig and festival audiences has generated a whopping £4.4 billion to the UK economy. Taken from their Measuring Music report, UK Music have shared that there has been a 12% rise in live music audiences ove the past 12 months.
Although, on a more sombre note the report also shows that the money being spent at smaller scale venues (those with less than 1,500 capacity) has taken a dip. Chief Executive of UK Music, Michael Dugher, commented: "“UK Music will continue to campaign to safeguard smaller music venues, many of which are fighting for survival." Read all about it via the links below...
UK Music report shows live music contributed £4.4 bn to economy but small gig venues still struggling