LONDON: Britain&#39;s music industry contributed &pound;8 billion to the UK economy in 2024, but the effects of Brexit and AI have clouded the sector&#39;s outlook, an industry report showed Wednesday.&nbsp;UK tours by Taylor Swift and Take That helped lift the industry&#39;s contribution to the UK economy last year, according to the annual report from UK Music, an umbrella organization for the industry.&nbsp;Music exports were also boosted by the international success of artists such as Charli XCX and Lola Young.&nbsp;However, annual growth was slower than the double-digit increases recorded in the immediate aftermath of the Covid pandemic, the report said.&nbsp;UK Music&#39;s chief executive Tom Kiehl warned that the industry faced a number of challenges, pointing to the &quot;need for urgent action&quot;.&nbsp;He said that the UK government would be judged on the &quot;progress it makes in regulating artificial intelligence and unlocking EU touring&quot;.&nbsp;The impact of Brexit, such as through increased touring costs, red tape and fewer EU clients making recording studio bookings, is &quot;still bad and is getting worse&quot;, the report said.&nbsp;Elsewhere, two-thirds of music creators surveyed by UK Music said that AI poses a threat to their career.&nbsp;Ninety percent of British music creators said protections should be in place to stop their work being used without permission or payment.&nbsp;The UK government plans to make it easier for AI companies to access data by introducing a copyright exception for commercial AI training with its Data (Use and Access) Bill.&nbsp;Under the proposed law, companies developing AI models would not need permission from creatives to access certain content, a plan that has provoked a fierce backlash from the cultural sector.

Artificial Intelligence

UK Music’s 2024 report says the industry added £8 billion to the economy but faces threats from Brexit and AI, warning of rising touring costs, copyright risks, and slower growth despite major tours and exports.

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UK music industry warns growth threatened by AI, Brexit