The BPI, has reported that UK-recorded music revenue rose 4.7% year-on-year to reach £1.32 billion ($1.56 billion) in 2022. This figure includes revenues from synchronization and public performance and represents an eighth consecutive year of growth, up by 36% on the £968.6 million reported in 2017. This number is the highest nominal annual amount on record, but when adjusted for inflation falls hundreds of millions of pounds short of the total reported in 2006.
Source: BPI Reports UK Recorded Music Revenues Increase for 8th Successive Year