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Independent record labels’ share of the UK recorded music market is on course to grow for a fifth consecutive year in 2022, according to new BPI analysis.
The latest figures show how In the first ten months of the year, independently-released music made up 28.6 percent of the UK music market.
This is an increase from 26.9 percent for the whole of 2021 and almost a third up on 2017, when independents claimed a 22.1 percent share.
Commenting, James Brister, Industry Liaison Manager, said: "It’s fantastic to see how the industry is developing with indie artists and organisations leading the way forward in 2022."
At ICMP, many of our programmes are designed to support the next generation of independent talent and entrepreneurs in their musical journeys. We hope our support can help give a space and platform for these emerging professionals to hone their skills and ideas."
Eight independent albums have topped the Official Albums Chart in the year-to-date, including releases by Central Cee, Fontaines D.C. and Wet Leg, while nearly 60 indie releases have reached the Top 10.
Independents made up more than 40 percent of album sales in October, led by Arctic Monkeys, The 1975 and Simple Minds.
Watch the video to the latest track from Arctic Monkeys, 'Body Paint'.
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To completely immerse yourself in your music career, chat with our friendly Admissions Team via email enquiries@icmp.ac.uk or give them a call on 020 7328 0222.
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We've been developing and delivering contemporary music education for over 30 years – longer than any other music school in the UK. With a proven track-record, countless music industry connections and unrivalled access to facilities, it's easy to see why hundreds of students choose ICMP each year.
To completely immerse yourself in your music career, chat with our friendly Admissions Team via email enquiries@icmp.ac.uk or give them a call on 020 7328 0222.