Research by the Music Producers Guild (MPG) shows that studio booking rates are the same today as they were 15 years ago. High‑end studios such as Liverpool’s Motor Museum and Kempston Street Studios are fully booked, but there’s constant downward pressure on these rates, as labels demand more for less. At the same time, the costs involved in running a studio have spiralled.
The studio sector had barely found its feet after Covid before Russia’s invasion of Ukraine sparked a global energy crisis. An MPG poll has found that studios are paying between 250 and 400 percent more for their electricity now than they were in 2021. This has been a heavy blow, and it’s about to get a lot worse. If it wasn’t for UK government support, costs would have spiralled even further — and that support is about to end.
From April, the vital energy support scheme that UK recording...
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