UK Music, the umbrella organisation representing the commercial music industry from artists and record labels to the live music sector, said that the economic value of the industry to the UK economy had increased by almost Elbn in 2023. UK tours helped drive music's contribution to the UK economy up by 13%.
"A decade which began with the pandemic, causing much devastation to the sector, has seen a resilient music industry emerge," said Torn Kiehl, the CEO of UK Music.
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