Industry executives have welcomed continuing growth for the UK recorded music market – but British acts face challenges amid increasing competition.
Based on Official Charts Company data, the BPI announced that consumption across sales and streams increased 9.7% year-on-year in 2024 to 200.5 million equivalent albums. The market has seen a decade of growth.
The latest rise was powered by an 11% surge in the streaming market, with 199.6 billion audio streams accumulated over the course of the year. Streaming ...
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