Music Sales Soar to 20-Year High Driven by Streaming, Vinyl, and Taylor Swift
Music Sales Soar to 20-Year High Driven by Streaming, Vinyl, and Taylor Swift
2024 is a Banner Year for Music:** Music fans in the UK spent a record £2.4 billion on recorded music last year, overtaking the previous high of £2.2 billion in 2001. Streaming and Vinyl Lead the Charge: Streaming subscriptions and vinyl sales accounted for almost 85% of the money spent on music. Taylor Swift Tops the Charts: Taylor Swift's album 'The Tortured Poets Department' was the biggest-selling album of the year, with 783,820 copies sold. Artists' Earnings Remain a Concern: Despite the industry's recovery, artists' earnings remain a concern, with almost half of working musicians earning less than £14,000 a year.