U.S. Music Industry Hits Historic $17.7B Revenue Mark as Streaming Dominates Market
The U.S. recorded music industry achieved unprecedented success in 2024, generating $17.7 billion in revenue with streaming accounting for 84% of earnings. Paid subscriptions surpassed 100 million users while vinyl sales continued their impressive growth streak, shipping more units than CDs for the third straight year.
UK Music Industry Soars to 20-Year Peak with Streaming and Vinyl Revival
British music industry hits record sales in 2024, with streaming revenue reaching £2 billion and vinyl sales surging 10.5%. Taylor Swift leads the market while the industry navigates digital transformation amid ongoing streaming royalty debates.
UK Music Industry Hits £2.4B Record High with Swift Leading the Charge
The UK music industry achieved unprecedented success in 2024, with consumers spending £2.4 billion on recorded music through streaming and vinyl sales. Taylor Swift dominated album sales while streaming platforms generated over £2 billion in revenue, marking a new era of digital and physical music consumption.
UK Music Industry Hits Historic Milestone with First Physical Sales Growth Since 1994
The British recorded music market experienced a remarkable 9.7% growth in 2024, marking the first increase in physical format sales in 20 years. Streaming remained dominant with 199.6 billion plays, while vinyl sales reached a 30-year high amid strong performances from female artists led by Taylor Swift.