Music industry growing again, says report

Sponsorship and live shows helped to raise revenues by 4.7%, according to researchIt has been an unhappy few years for the music industry, hit by plummeting CD sales and rampant online piracy. But there are signs that the worst may be over – research suggests the industry grew last year and is finding new ways of making money.Music brought in £3.6bn to the British economy last year, growing by 4.7%, according to a report from PRS for Music, the payment collection body for musicians, so...

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