68% of UK record labels want the UK to remain in EU - report

68% of UK record labels want the UK to remain in EU - report

A BPI survey shows that nearly 68% of UK labels want the UK to remain in the EU. The survey, which took place between April 25 and May 6, also confirmed that almost all (95%) BPI members produce recorded music and services that are commercially available in EU markets. 

One of the key concerns for members is retaining influence over how the music they create is protected, with 90% believing that it is important to remain part of the process of agreeing EU copyright rules.

The survey also found that 47% of respondents earn at least a quarter or more of their revenues outside of the UK from the EU – and for nearly a fifth (18%) this figure rises to over 75%. 

59% of respondents believe that leaving the EU could make it more difficult to successfully promote British music and artists in Europe, with 33 per cent feeling that it would not, while 56% believe that withdrawal from the EU could have negative consequences for fans. In contrast, only 4% felt it could be positive, with 30% believing it would make no difference.

Geoff Taylor, chief executive BPI & BRIT Awards, said:  “British music is riding high and now accounts for a quarter of the total market in Europe for recorded music. This success helps to create jobs in the UK and fund exceptionally high levels of investment by British labels into new music.

“A strong majority of the UK labels we polled believe that remaining in the EU is critical to their business and that leaving would risk harming their future prospects.

“Music and the wider creative industries are a major success story for the UK economy.  Given the importance of exports to Europe to our business, we believe that the prospects for British music are brighter if the UK remains within the European Union.”  

 

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