June 27, 2016

Geoff Taylor, Chief Executive of BPI, said: “The outcome of the EU Referendum will come as a surprise to many across the music community, who will be concerned by the economic uncertainty that lies ahead and the impact this may have on business prospects”.

However, he said, “the UK public has spoken” and, in time, the decision will mean “new priorities for the music industry in our work with Government”.  BPI will, Mr Taylor said, “press the Government to swiftly negotiate trade deals that will ensure unimpeded access to EU markets for our music and our touring artists”.

Mr Taylor said that the Government will also now have “the opportunity to legislate for stronger domestic copyright rules that encourage investment here in the UK” and which will “protect UK creators from piracy and from tech platforms siphoning off value through copyright loopholes”.

Overall, Mr Taylor said that the BPI is “confident that British music will remain hugely popular across Europe” and the BPI will “work hard to make sure UK labels are able to capitalise on that demand”.  To read the statement in full, click here.