Uk Music Business Overview
...running their own record label. The report will discuss the various aims, functions, purpose, finances and structures of each organisation while also showing what interest they have in intellectual property.
The British Phonographic Industry (BPI) was formally incorporated in 1973 when initially its aims were to combat the growing problem of music piracy. Since then, the BPI has represented the views and concerns of British record companies not just in music piracy, but in aspects of the music industry such as Rights negotiations, promotion of the industry, and research and publication of key statistics. BPI has an interest in over 90 percent of music recorded and released in the United Kingdom (UK) due to the fact that the BPI represents over 300 record companies. The BPI endeavours to help record companies bring about better business even if the company is a member or not. They have succeeded in pursuing Copyright Tribunal decisions that will benefit the industry as a whole. By continually lobbying and promoting the industry with its economic and cultural value, the BPI hope to improve perceptions and thus influence the policy makers to change the current laws. Currently the BPI is aiming to cut VAT (value added tax) on compact disc’s completely claiming the music is of cultural experience and value, rather than just entertainment. This is a hard aim to achieve as the perception of the industry at the present time is false, only a small percentage of the industry really earn enough income to sustain a living purely through music. This perception needs to change before the law will.
When it is felt the record label it wants to expand its repertoire abroad to foreign markets, the BPI will help give a better understanding of foreign markets and develop relationships with governing bodies. BPI is a strong supporter of MIDEM (an...
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