UK Music Economist Gives ‘State of the Music Industry’ Address

Will Page from the PRS (a UK analogue to APRA) gives a presentation on how the music industry is doing and how, like New Zealand’s APRA, they’re up on last year’s profits and that “it’s not all doom and gloom out there, PRS revenues for 2009 are up; this is not a part of the music industry that’s about to fall off a cliff. I just want to provide some balance, you know often these armageddon-now scenarios that you hear in the industry – it’s not that bad, and some parts are doing actually pretty bloody well”.

One interesting part is that Will Page says that 25% of the music industry is now based on giving people music for free (radio, public performance, etc.).

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