The number of people in full-time employment working in the UK music publishing sector fell by 10.3% between 2013 and 2016.
According to a recent study from trade organization UK Music, some 1,076 people were employed in music publishing in the market last year.
MBW has looked back over previous ‘Measuring Music’ reports, and discovered that compared with three years prior, that figure equates to a net job elimination of 124 positions in total – down from 1,200 in 2013.
However, employment at UK record labels has grown nearly 7% in the same period – and grew by 500 positions in a single year in 2016 to 9,100.
These figures certainly shouldn’t be taken as a decline in the health of the music publishing sector.
Rather, they are likely a simple matter of consolidation in the market – most notably affected by the acquisition of EMI Music Publishing by a consortium led by Sony/ATV which was finalized in 2012.
This idea is drilled home by delving into the changing economic efficiency of the UK music publishing sector.
According to UK Music’s report, music publishing produced a GVA of £473m in 2016, up over £60m on the prior year.
GVA, or Gross Value Added, shows the industry’s contribution in goods and services to the UK’s annual national income or Gross Domestic Product (GDP).