‘Music is back’: Taylor Swift helps fuel record UK sales.
UK music sales will reach a 20-year high of ￡2.4 billion in 2024, boosted by pop megastar Taylor Swift's newest album and spurred by streaming and the vinyl resurrection, according to estimates.
According to yearly numbers from the digital entertainment and retail group ERA, recorded music revenues have achieved an all-time high, surpassing those of the CD era peak.
Total consumer spending on recorded music, including subscriptions and purchases, surpassed the previous high of ￡2.2 billion set in 2001, according to ERA. Read more