As indicated in reports such as Building New Business Strategies for the Music Industry in Wales (ap Siôn, 2009), An Assessment of the Feasibility of Establishing an Independent Music Licensing and Royalty Collection Agency for Wales (Ap Rhisiart and Owen, 2011) and Investigating the Live Music Industry in Wales: A Critical Analysis (Carr, 2011),  the value of live music to the Welsh economy is significant, with the most recent calculations from the PRS indicating the value of UK Live music in 2010 to be £1,430 million ­­- down 6.8% on the previous year’s £1,589 million (Carey and Page, 2011).

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