KEY MEDIA CONCEPTS EXAM
- to develop a case study on a particular record label.
- this institution must be located in the contemporary music industry
- the institution must produce and/or distribute music in the UK.
- when researching your chosen record label you must focus on 3 key areas: production, distribution, exchange and consumption
Wednesday, 11 January 2012
Facts and Figures Continued
More than 31,000 new album titles (including re-issues) was released in the UK last year, second only to the US - which demonstrates the commitment to investment from the UK record companies.
UK record companies invest 17% of turnover in A&R. DTI data shows that other industries with traditions oh heavy R&D expenditure such as pharmaceuticals actually spend a smaller proportion of revenues on developing new products than the UK record industry invests in the development of new artists.
British artists accounted for 49.4% of artist albums sold in the UK in 2005 - the highest annual amount total since 1998. this represented sales of 62m units - the highest ever total in a single year by british musicians.
UK record companies invest 17% of turnover in A&R. DTI data shows that other industries with traditions oh heavy R&D expenditure such as pharmaceuticals actually spend a smaller proportion of revenues on developing new products than the UK record industry invests in the development of new artists.
British artists accounted for 49.4% of artist albums sold in the UK in 2005 - the highest annual amount total since 1998. this represented sales of 62m units - the highest ever total in a single year by british musicians.
Wednesday, 4 January 2012
The UK Music Industry - Facts and Figures
This is a case study of two record companies that target a British audience, one will be a major label and one will be a independent label.
Case study should look at the production, consumption, distribution and exchange.
Domestic expenditure on music in all forms totals almost £5 billion a year and music activates generate the equivalent of 126,000 full time jobs in the UK
the UK is the third largest market in the world sales of music, behind only the USA and Japan. Sales in the UK amounted to 10.4% of all music sold globally in 2004. As a source of repertoire, the UK is second only to the USA
Case study should look at the production, consumption, distribution and exchange.
Domestic expenditure on music in all forms totals almost £5 billion a year and music activates generate the equivalent of 126,000 full time jobs in the UK
the UK is the third largest market in the world sales of music, behind only the USA and Japan. Sales in the UK amounted to 10.4% of all music sold globally in 2004. As a source of repertoire, the UK is second only to the USA
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