The UK's creative industries made a record contribution to the economy in 2017, breaching the £100bn mark.
The campaigning group praised the government deal, saying it will 'pave the way for the UK music industry to continue its world-beating success story.'
Britain’s creative industries are worth almost £10m an hour to the economy, according to latest government statistics.
IMPALA, an indie label consortium, has unveiled a new action plan to help drive the digital market through the creative industries.
The creative industries, including music alongside TV and film, currently generate £76.9bn per year for the UK economy, new government figures have revealed.
UK Music and the English National Ballet are among 200 organisations and groups to come together to launch the Creative Industries Federation.