In 2014’s numbers, live music revenues were up by 17% year-on-year to £924m, almost exactly 50% bigger than the contribution from recorded music, which stood at £615m.Music publishers contributed £410m to the UK economy in 2014, but the biggest revenue generator was ‘musicians, composers songwriters and lyricists’, who racked up £1.9bn in total – three times the figure attributed to labels.
Source: Labels generated 50% less money than live for UK economy last year – Music Business Worldwide