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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
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The value of U.K. music sales rose by 7.9% in H1 2024, according to figures by digital entertainment and retail association ERA. The growth significantly outpaces video and video game sales.
Music revenue in the first half of the year was £163.8m, up from £151.8m in 2023. The figure excludes streaming, for which figures aren't available, and combines vinyl, CD and downloads. Streaming volume (the number of streams accessed) was up 11% across the same period.
The video sales market, which also excludes streaming, grew 5.4% across the same period to £213.7m, while physical and digital video game sales dipped 29.4% to £348.6m.
Vinyl album sales rose 13.5% to £86.3m in H1, while CD sales increased 3.2% to £57.9m. Unsurprisingly, Taylor Swift was responsible for the period’s biggest-selling album with THE TORTURED POETS DEPARTMENT (EMI) and the top-selling physical single, “Fortnight” featuring Post Malone.
ERA CEO Kim Bayley attributed a successful Record Store Day, alongside the enduring commercial appeal of Swift, as main contributors to the numbers. “It was clear back in April the impact they have had on the vinyl sector, but they seem to have lifted the market as a whole too,” she said.
Indeed, across the chart week of RSD and the release of TTPD, vinyl sales enjoyed their highest weekly total in 30 years in the U.K., with 306.8k copies shifted across singles and albums.