Geoff Taylor - BPI

New BPI research shows that synch deals were a major contributor to this upswing, with the use of recordings in films, TV, adverts and games growing by  nearly 12% on the previous year to £18m.

BPI Chief Executive Geoff Taylor said the figures showed that music companies have “reinvented their businesses for the digital age, marketing and promoting music intelligently through every channel available.”

Music company revenues outside of CD, DVD and digital services now account for £205.3m – a fifth of record company turnover.