Measuring music's 'wallet share'

03 May 2011

Will Page of PRS for Music, together with colleagues from Imperial College London, has produced a short report looking at music's 'wallet share'. After staying fairly steady from 1997-2001, music's share of consumers' spending power declined sharply, falling from 0.38 per cent in 2001 to 0.29 per cent in 2007, before stabilising.

Within this decline there has been a big shift away from recorded music towards live performance: live music's share of spending has risen from around one-eighth of all music spending in 1997 to more than half of the total in 2010.

BOP Consulting