THE LIVE music industry contributed almost £1 billion to the economy in 2017, according to umbrella organisation UK Music’s latest report, published this month.
The Measuring Music survey found that the British music industry grew by two per cent overall on the previous year, with live events contributing £991 million.
London’s The O2 (cap. 21,000) was again named the most popular arena in the world, while five of the Top 10 most successful global tours were from UK artistes.
“I’m really proud of the fact that these figures show once again that when it comes to music, we in the UK are very, very good at what we do,” says UK Music CEO Michael Dugher.
The research also says that more 28,600 people work in live music, out of over 145,800 across the wider industry.
Live music also contributed £80m in export revenue during 2017, from a total music industry figure of £2.6bn.