Music industry boosts British economy

Global Business

econ

Despite the labor unrest, the British economy as a whole is on more solid ground. From Biotech to home building, several industries keep the economy growing, but one industry that’s becoming a major growth engine is all about the music. CCTV’s Bianca Davie¬†filed this report.

Music industry gets British economy lifting

Music industry gets British economy lifting

Despite the labor unrest, the British economy as a whole is on more solid ground. From Biotech to home building, several industries keep the economy growing. But one industry that's becoming a major growth engine is all about the music.CCTV's Bianca Davie filed the report.

More details:

  • The Glastonbury festival is ranked by Spotify as the world’s most influential festival.
  • The annual three-day event attracts an estimated 200,000 attendees, with ticket prices at $350 per person.
  • This year’s ticket sales numbers haven’t been released yet, but in 2014, Glastonbury’s revenue hit $53,000,000.
  • According to a Barclays survey, creative industries are expected to expand 10 percent this year.

 


Louise Cooper speculates on the future of Britain in the EU
For more on the British economy, Phillip TK Yin spoke with Louise Cooper, Financial Analyst at Cooper City.

Louise Cooper speculates on the future of Britain in the EU

Louise Cooper speculates on the future of Britain in the EU

For more on the British economy, Phillip TK Yin spoke with Louise Cooper, Financial Analyst at Cooper City.