It's now official…the demise of physical music sales, as artists aren't making as much as they used to
According to the Performing Rights Society (PRS), the value of the 'live music scene' has officially overtaken record sales for the first time in the UK.
"We have all the data on live music at the PRS because we license all the live performances that go around the country, so we're actually able to put a number on how much live music is worth," the PRS's chief economist Will Page told BBC 6 Music.
"We now have a situation where live has officially taken over recorded."
How much? The 'number' in question was £904 million (including VAT and booking fees).
It's not all doom and gloom, there is good news for the music fan, if Bands have to tour, we get more gigs to go and see.
Happy Days...
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