Live Music Exchange Resources

Economic Insight 22: Wallet Share – Will Page/PRS for Music (2011)


Author(s): Will Page
Organisation / Affiliation: PRS for Music
Date: 18/04/2011

PRS chief economist Will Page explains what ‘wallet share’ means and provides a detailed, and graphically illustrated, account of where music sits in the context of other consumer expenditure. This paper uses the concept of ‘wallet share’ to illustrate aggregate consumer spend on both live and recorded music, as a percentage of total consumer expenditure.

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