The UK music industry has revealed some concerns about what a bad Brexit deal would mean for them.
The British Phonographic Industry (BPI), the industry body for the music sector, has announced that a “strong” Brexit deal is crucial to the profitability of the industry.
They believe that Brexit truly threatens the potential for more revenue to be made from overseas consumers.
The BPI has stated that the industry’s overseas earnings have reached the century’s all time high, amounting to £408.4 million in 2017 which was a 12% increase from the previous year.
Global audiences have been particularly engaged with artists like Ed Sheeran, Dua Lipa, Ra’n’Bone Man, Sam Smith and Harry Styles.
BPI CEO, Geoff Taylor, stated:
“British music is riding high once again around the world, boosted by the talent of our artists and songwriters and the innovation and investment of record labels.
“Our music not only enriches the lives of fans around the world, it makes a major contribution to the UK economy through overseas sales and by attracting numerous visitors to the UK.
“With Brexit approaching, music can help to showcase what is exciting about the UK as we forge new trading relationships, but only if our Government supports us by ensuring a strong Brexit deal that enables artists to tour freely, robustly protects music rights, and prevents physical music products being impeded in transit.”
