€100m gap between UK and German recorded music industries - report

Murray Stassen

The value of the German recorded music industry was €1.48bn in 2014, up 1.8% on 2013’s total.

The UK’s record business was worth €1.33bn (£1.03bn) last year, falling €100m behind its German counterpart.

According to a report by Music Business Worldwide, based on forecasts by the BVMI and GfK, the retail value of the German record industry surpassed that of the UK in 2011, having retained its lead since then.

Germany's physical market accounted for 75% of its revenues ...

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