Interesting report released this week by Will Page, chief economist at PRS for Music, the UK’s performance rights organization. The entire report can downloaded here, but the details, in a nutshell:
* The value of the recorded music biz fell 6%
* The value of the live music industry in the UK increased 13%
* Licensing revenues from labels increased 7%
* Other publishing revenues increased 7%
* Digital music grew by almost 50% in 2008, with physical declining by roughly 10%
