A study by IMS Ibiza has found that rate of clubs closures continues to accelerate worldwide.
The International Music Summit report, which you can read in full here, suggested that the rise in closures is driven by greater prominence attributed to festivals; property prices; health and wellbeing trends; and social media.
It also disclosed that the number of clubs in the UK specifically fell by an astonishing 21% in 12 months, month ending December 2018. This compares to a 1% decline per year between 2013 and 2017.
Also in the report was the estimation that global recorded music revenue grew by 9.7%, that the earnings of highest-paid DJs fell last year, and that only 19% of festival artists were women.
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