U.K. indie music market share hit a new high in 2023 with RAYE, Kylie and more artists on indie distributors (including those owned by major labels).
last year, marking the sixth consecutive year of growth for the country’s indie sector, according to new figures from labels trade body BPI.
However, in addition to fully independent or self-released records, that broad classification includes some “indie” albums and songs distributed by major-owned companies like Sony-owned The Orchard or Warner-owned ADA. Raye, for example, is distributed by Sony-owned independent distributor Human Re Sources. BPI said it was unable to provide a more detailed breakdown of
Total U.K. recorded music revenue— comprising digital and physical revenues by majors and indie labels, public performance rights and synch — climbed 8.1% to 1.43 billion pounds in 2023, BPI reported. That’s the highest number ever achieved in the U.K. in one year, not adjusting for inflation, helping to maintain the U.K.’s long-held status as the world’s third-biggest recorded music market in IFPI’s annual rankings behind the United States and Japan.
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