British industry has another good year in US
By CMU Editorial | Published on Monday 14 February 2011
The British music industry had another good year in the all important US market, according to stats released by the BPI last week.
The success of Taio Cruz, Jay Sean, Susan Boyle and Sade (now, there’s a supergroup I’d like to see) helped the UK record industry increase its share of the US market slightly, with its share of the US album market up from 9.6% to 9.8%, and its share of the singles market up from 6.6% to 6.7%. That might not sound like much, but it makes the UK the second biggest source of repertoire in the US market after home-grown acts.
BPI boss man Geoff Taylor told CMU: “Music remains an area where Britain can be enormously proud of its international success. This is not just good for exports and our balance of payments, but also helps tourism and strengthens our reputation abroad. Our increased share of the US market is down to the extraordinary breadth of our native talent and the efforts made by UK labels in investing and promoting British music around the world. We must maintain our high levels of investment in talent at home if we are to continue this success abroad”.