It’s now the third time that Will Page and Chris Carey from PRS for Music added up the UK music industry. The main result is that total UK music revenues fell 4.8 percent to £3.775bn in 2010 compared to £3.964bn the previous year. This figure includes the retail value of recorded music (-7.9% to £1.237bn) as reported by the British recorded music industry body (BPI), the estimated revenue of live music (-6.8% to £1.480bn), the adjusted collections by PRS for Music (-1.3% to £0.425bn), the adjusted collections by PPL and VPL (+18.9% to £0.079bn), the estimated inter-company B2B revenues (+7.2% to £0.218bn), the publishers’ direct revenues excluding income streams from PRS for Music (+0,6% to £0.242bn) and advertising and sponsorship revenue (+4.2% to £0.094bn).
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The second “Vienna Music Business Research Days”, which were held at the University of Music and Performings Arts Vienna from June 8-10, 2011, were devoted to “New Music Distribution Models”. Therefore, the economic potentials, which are involved in the new music distribution models, were highlighted. In addition, the impact of music downloading, music streaming and cloud-based music models on musicians and music consumers was also discussed.
Beyond the speeches and panel discussion with music industry experts, a young scholars’ workshop was organized the first time. PhD and master students presented the results of their research on “Innovations in Music Business” and discussed them with advanced academics in this field.
In the following summary of the second “Vienna Music Business Research Days” most of the speeches and discussion of June 8-9 can be downloaded in audio format, in printed version and as presentations.
Continue reading ‘The Second “Vienna Music Business Research Days” in Retrospective’
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