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Taylor Swift Powers UK Music to £2.4bn Record

Rita OrakwuebyRita Orakwue
January 8, 2025
in Entertainment
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Taylor Swift Powers UK Music to £2.4bn Record
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UK music sales soared to an impressive £2.4bn in 2024, breaking a 20-year record, thanks to Taylor Swift’s chart-topping album The Tortured Poets Department, the rise of streaming, and a strong vinyl revival.

Streaming services such as Spotify, YouTube Music, and Amazon generated more than £2bn, up 7.8%. Vinyl sales surged 10.5% to nearly £200m, while CDs sold £126m, the same as last year.

Taylor Swift topped the charts with the album selling over 783,000 copies – including 112,000 on vinyl; the best vinyl album of 2024. A record-breaking Eras tour did not hurt sales, while Noah Kahan’s Stick Season boasted the year’s biggest single, at the equivalent of 1.99 million sales.

Yet, while the industry booms, there are still major question marks over payouts from streaming, with artists reportedly getting much less than anticipated as a result of splits among the rights holders.

ERA dubbed 2024 a “banner year” for music, finally confirming its comeback after years of decline. The charge has been led by streaming and vinyl in proving that the music industry can adapt and grow.

Tags: federal characterNewsRecordTaylor swiftTaylor Swift Powers UK Music to £2.4bn RecordUK Music
Rita Orakwue

Rita Orakwue

Orakwue Rita is a mass communication graduate and versatile content writer. With a background in journalism and creative writing, she excels in creating engaging and high-quality content for various platforms, including social media, blogs, and websites. Her storytelling skills make her a valuable asset in content creation.

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