“This Is Music” is UK Music’s annual economic report into the financial health of the sector. You can read the full report HERE.

They have also written an article about the Artist Development Cycle, which you can read HERE. They comment:

“Artist development is not an exact science with no one fixed method or metric to achieve and measure success. Since 2020, there has been a shift in the market, with fewer debut albums by UK artists making it into the year-end top 1000 album charts, as artists are taking longer to achieve breakthrough success. Some of the factors influencing this trend are global, and there is evidence of similar trends in other markets, most notably the USA. The Artist Development Cycle is easily misunderstood. This section describes the challenges, the context, how the industry is innovating, and where government can help.”

I’ve included the section of the report on Grassroots Music Venues below.