Higher fees starting next month represent a "significant extra burden" for "emerging acts that operate on the tightest of margins," says UK Music's Tom Kiehl.
Report by U.K.’s Intellectual Property Office says the introduction of a new streaming royalty for session musicians risks seeing labels invest less on signing artists.
UK music sales jumped nearly 10% to £2.2 billion last year, thanks largely to strong growth in subscription streaming revenues, reports ERA.
Fans will soon be able to command their TVs to play videos by their favorite artists.
Female artists spent 31 weeks at No. 1 on the UK's official singles chart, fueling a nearly 13% increase in streaming for the year.
The "This Is Music" study measures the economic impact of the U.K. music industry across live, record sales, publishing, merch and other revenues.
The fund, supported by more than 1,250 investors so far, has acquired 100-capacity venue The Snug located in Atherton, England.
The executive, who led the British music industry trade body for three years, will serve as director of strategy for Prime Minister Rishi Sunak.
A report from the Culture, Media and Sport Committee says legislation shouldn't reduce arts and cultural production "to mere 'inputs' in AI development.”
The 25,000-square-foot facility's opening follows layoffs and office closures at the company, which hopes to capitalize on strong demand for physical formats.
