From 1995–2000 I was Director of the Economic and Social Research Council's research programme on Media Economics and Media Culture. One of my tasks was to organise meetings of researchers in the field and to this end I ran a series of seminars at the British Phonographic Institute for people studying the music industry. These seminars were thematic, covering music industry strategies in global media markets; methods for measuring the value of the music industry; the uses of music; and musicians. A final meeting, held in the then about-to-be-opened National Centre for Popular Music in Sheffield on 16 February 1999, brought together nearly all the UK's academic music industry researchers to discuss future research in the light of the MEMC Programme's findings. What follows is a report from both MEMC research and the Sheffield meeting. The aim is to provide an overview of the current research situation in Britain.