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Music
The music industry is one the UK's biggest and most culturally significant creative industries. Its many component parts - composers, producers, managers, music publishers, artists, concert promoters, record companies, online music entrepreneurs - interact to produce a dynamic, vibrant and ever changing industry.
The UK is the third largest market in the world for sales of music and is second only to the USA as a source of repertoire. It is estimated that Britain may account for as much as 15% of the global music market. The industry is dominated by a number of large multinationals - Warners, EMI, Universal, BMG and Sony - but 90% of music businesses can be classified as small and medium-sized enterprises. The industry's success has been founded on the extraordinary supply and diversity of talent the UK has produced over the last 40 years.
DCMS sponsors the music industry acting as its advocate within Government. The Department works closely with a wide range of industry players and trade associations to identify what can be done to improve the Music Industry's economic performance and to ensure that the industry's concerns are considered in broader Government policy making.
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