In 2024, the UK recorded a record high in music sales in the country, thanks to strong streaming and vinyl purchases of hits from top artists, especially Taylor Swift.

Bài học truyền cảm hứng từ Taylor Swift - Hairworld

According to the Digital Retail and Entertainment Association (ERA), revenue from music streaming services in the UK grew nearly 8% to about 2 billion pounds ($2.5 billion) last year. Vinyl album sales increased 10.5%, to 196 million pounds ($241.7 million).

ERA CEO Kim Bayley said 2024 was a very successful year for the music industry, thanks to the growth of streaming services and vinyl records, helping the industry achieve all-time records for both prices. value and volume.

She also said music’s strong recovery has helped sales double from their lowest point in 2013.

According to the chart, the best-selling album in the UK is “The Tortured Poets Department” by American singer Taylor Swift, with 783,820 copies sold, including nearly 112,000 vinyl copies.

The best-selling single in the UK last year was called “Stick Season” by American singer-songwriter Noah Kahan, with total sales of up to 2 million copies.

UK CD sales have fallen to just over £126 million ($155.3 million). while subscription sales on digital music platforms, which will become more important in 2024, play a key role in the growth of the entertainment market.

Despite this, many artists have expressed concerns about low royalties from streaming services, with leading music streaming platform Spotify facing a lawsuit in the US last year.