The news backs 2015 figures for us earnings, which placed vinyl revenues above both spotify free and youtube combined. · over the past decade, music income has increased by more than 120%. This dovetails with the growing global popularity of british artists who now account for one in six of all record sales internationally – a record high. · captivated by major new releases from taylor swift, coldplay and billie eilish, music fans in the uk spent more on recorded music in 2024 than ever before, new figures show. · streaming services and the retail-led vinyl revival pushed uk music consumption and recorded music revenues in 2024 to a 20 year high and an all-time record, exceeding the pinnacle of the cd era, according to annual figures released today by digital entertainment and retail association era. Revenues from streaming subscriptions increased 3. 2% to £2. 045bn as they topped £2 billion for the first time. · though largely driven by streaming figures, 2024 was also the first year in two decades to see a rise in sales of vinyl , cd and cassettes. The uk music industry enjoyed its most lucrative year of the century in 2024. A new bpi report has revealed that vinyl sales generated more income for uk artists last year than youtube did. · british artists made 25 million british pounds (roughly $36 million) last year off of vinyl sales, according to a report from the british phonographic industry (bpi).
