UK music industry's own economist says revenue up 4.7%

Glyn Wintle, 28 July 2009

Record labels and others in the music industry frequently lament that they can no longer make money, that piracy and illegal file-sharing has all but made their industry extinct, or so they would have you believe.

So when Will Page, the Chief Economist for PRS for Music, a UK-based royalty collecting group for music writers, composers, and publishers, publishes a study concluding total music industry revenues are up 4.7% since 2007 it corroborates what many studies have shown, that P2P actually increases music consumption.

Source: ZeroPaid