Live Music generated £4 billion for the UK economy in 2016

A new report out by UK Music, the British music industry trade body, shows the vast contribution of live music and music tourism to the UK economy during 2016. Live music fans generated £4 billion in direct and indirect spending in 2016 by flocking to concerts and festivals across the UK. Festivals that contributed to that success story in 2016 were Glastonbury, Latitude, Green Man in Wales’ Brecon Beacons and Lovebox in London.

The number of people at live music events in the UK rose by 12% in 2016 to 30.9 million – up from 27.7 million in 2015.

The increase in music tourism in 2016 provided a huge boost to employment throughout the country, with 47,445 full time jobs in 2016 sustained by music tourism in the UK.

Read the full report here: Music Tourism: Wish You Were Here

Read about the report in PSN Europe – one of the best trade publications for pro audio

Learn more about UK Music –  an industry-funded body established in October 2008 to represent the collective interests of the recorded, published and live arms of the British music industry.

 

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About the author

Mike Dias is a Sales Director for Logitech. He specializes in consumer electronics & pro audio with an expertise in headphones & portable audio. He has over 15 years of experience selling custom handcrafted in-ear monitors.

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