The British music industry is experiencing an unprecedented boom, with artists such as Ed Sheeran, Adele, Stormzy, Dua Lipa and Rag’n’Bone Man achieving record-breaking revenues at home and abroad last year. One in eight albums purchased around the world in 2017 was by a UK artist, but with Brexit looming, the industry is growing increasingly alarmed at the lack of any clear plan to continue this success once the UK leaves the EU – with sales and touring both likely to suffer.
Source: What will happen to the UK music industry after Brexit?
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Music, video and other artists are earning a record $10.8 billion in royalties a year, according to industry group CISAC. But in a swipe at digital services, the CISAC industry group’s Director-General Gadi Oron said that artists “are fighting for the best licensing terms and the highest royalties possible in a world where powerful users are determined to avoid, or minimize, paying a fair return for their work.”
