Charli XCX and Taylor Swift Help Lift UK Music Streams to Record Highs

Music

LONDON — Proposed changes to U.K. copyright law that would allow tech companies to freely use songs for AI training without permission threaten to place the country’s status as a “world music power” at risk, record labels trade body BPI has warned.

In 2024, hit records by Charli XCX, Sabrina Carpenter, Coldplay and Taylor Swift helped lift the United Kingdom’s streaming market to a record high with just under 200 billion music tracks streamed across the 12 months, up 11% year-on-year, according to year-end figures released Tuesday (Dec. 31) by BPI.

Overall recorded music consumption across streaming and physical album sales rose by a tenth (9.7%) on 2023’s total to 201 million equivalent albums, marking a decade of uninterrupted growth, reports the organization, which represents over 500 independent record labels, as well as the U.K. arms of the three majors: Universal Music Group, Sony Music Entertainment and Warner Music Group.

Trending on Billboard

However, the success of the U.K. music business is being challenged on multiple fronts, including intensifying competition from other global markets and proposed regulations around the use of artificial intelligence (AI), says BPI.

The proposed AI guidelines were announced by the British government two weeks ago (Dec. 17) as part of a 10-week consultation on how copyright-protected content, such as music, can lawfully be used by tech companies to train generative AI models. Among them is a controversial new data mining exception that would allow developers to use copyrighted songs for AI training, including commercial purposes, but only in instances where rights holders have not reserved their rights.

BPI chief executive Jo Twist said the proposed opt out mechanism was the “wrong way to realise the exciting potential of AI” and places the U.K.’s music and creative industries at risk by allowing “international tech giants to train AI models on artists’ work without payment or permission.”

“The U.K. remains a world music power, but this status cannot be taken for granted,” said Twist in a statement accompanying Tuesday’s year-end figures. She said that in order to continue to thrive, the U.K. music business needs “a supportive policy environment that puts the focus on human artistry and enables continued investment in the next generation of British talent.”

Of the current generation, more than 20 British groups and solo acts topped the U.K. albums chart in 2024, although Charli XCX and Coldplay were the only homegrown artists in the year’s top 10 best-selling artist albums list, occupying the eighth and ninth positions with Brat and Moon Music, respectively. Veteran British American rock band Fleetwood Mac had the year’s seventh most popular album with their compilation 50 Years – Don’t Stop

Topping the year-end albums list was Taylor Swift’s The Tortured Poets Department, which has sold over 783,000 equivalent units since its release in April – the most for any artist release in a calendar year since 2017, reports BPI. The Tortured Poets Department was one of four albums by Swift to feature among the year’s 20 biggest titles alongside 1989 (Taylor’s Version), Lover and Folklore.

In total, female artists accounted for six of the top 10 and half of the 20 biggest selling artist albums in the U.K. last year with hit releases by Sabrina Carpenter, Billie Eilish, Chappell Roan and Olivia Rodrigo helping make it a landmark year for women.  

Female artists also spent an unprecedented 34 weeks at No. 1 on the United Kingdom’s official singles chart, largely driven by Carpenter, who spent 21 weeks at the top with her three hit singles: “Espresso, “Please Please Please” and “Taste.” The best-selling single in the U.K. last year was Noah Kahan‘s “Stick Season,” which topped the U.K. charts for seven weeks, followed by Benson Boone‘s “Beautiful Things.”

Vinyl helps physical album sales return to growth

In terms of formats, streaming now makes up 88.8% of music sales in the United Kingdom, a marginal 1.1% rise on 2023’s figure and more than double streaming’s share of the U.K. market six years ago, reports BPI.   

Meanwhile, physical sales experienced year-on-year growth for the first time since 1994 with vinyl and CD album purchases up 1.4% to 17.4 million units. Driving the resurgence in physical formats was a 17th consecutive annual rise in vinyl album sales which grew by just over 9% to 6.7 million units, marking a three-decade high.

The year’s most popular vinyl album was Swift’s The Tortured Poets Department, which sold more than 111,000 vinyl copies, followed by a 30th anniversary reissue of Oasis‘ debut Definitely Maybe. Other top-selling vinyl titles included Eilish’s Hit Me Hard And Soft, Fontaines D.C.Romance, The Cure‘s Songs Of A Lost World and Charli XCX’s Brat.

CD sales fell 2.9% year-on-year to 10.5 million units, representing a significant slowdown on the 19% drop recorded in 2022 and the almost 7% slide in sales experienced in 2023. Digital album sales dropped almost 6% to 3.3 million units.

BPI’s preliminary year-end report doesn’t include financial sales data. Instead, it uses Official Charts Company data to measure U.K. music consumption in terms of volume. The London-based organization will publish its full year-end report, including recorded music revenues, later this year.

The U.K. is the world’s third-biggest recorded music market behind the U.S. and Japan with sales of $1.9 billion in 2023, according to IFPI. It is also the second-largest exporter of recorded music worldwide behind the U.S.

Tougher competition from other international markets, including Latin America and fast-growing countries like South Korea, has seen the U.K.’s share of the global recorded music market shrink over the past decade, however.

In 2015, artists from the United Kingdom cumulatively accounted for 17% of global music streams, according to BPI export figures. That figure now stands at 10% with U.K. artists accounting for just nine of the top 40 tracks streamed in the country last year – the highest being “Stargazing” by Myles Smith at number 12.

“From Coldplay, and Charli XCX, to The Last Dinner Party, and Myles Smith, there were plenty of examples of U.K. music success stories in 2024. But there are also rising challenges for domestic talent in a rapidly changing and hyper-competitive global music economy,” said BPI’s Jo Twist.

“By meeting the growing global challenge head-on, tackling challenges around AI, copyright and streaming fraud, and encouraging consumers towards viable models, like paid streaming subscriptions, we can help to ensure that the value of British music is protected and that our industry can continue to grow and flourish at home and around the world,” she said. 

Music
Music Business Year In Review

Read More

Latest

Amtrak Set to Upgrade Key Philadelphia Power Converter Station

Photo courtesy STV  STV is developing preliminary design for one of the largest railway converter stations in the world, owned by Amtrak. Amtrak has selected STV to develop the preliminary design to replace the Richmond Static Frequency Converter (SFC) #4 in Philadelphia. The facility is Amtrak’s largest traction power converter station and one of the largest railway

How Will Bitcoin, Ethereum and XRP React if CLARITY Act Passes or Fails?

The CLARITY Act has become a major regulatory focus for the crypto industry. However, Alex Tapscott, CEO of CMCC Global Capital Markets, said prediction markets may be overstating its chances of passing. While markets currently assign the bill roughly 47% to 50% odds of becoming law, Tapscott said it may struggle to secure enough bipartisan

Bitcoin Price Today: Weak Spot Demand Keeps BTC Under Pressure

Bitcoin price today remains under pressure as spot demand continues to weaken despite periodic increases in futures trading activity. According to the analysis, combined spot and futures demand is estimated at -127,000 BTC, a level considered too weak to support a sustained uptrend. The report suggests the recent market stabilization is driven more by seller

AAVE Price Could Be One Breakout Away From a Massive Rally

AAVE price is approaching a pivotal technical milestone after climbing 8%, with derivatives markets signaling growing confidence among bullish traders. The latest rally has pushed the DeFi token within striking distance of a resistance zone that has defined its broader downtrend for months. A decisive breakout from here could reshape market sentiment and establish the

Newsletter

Don't miss

Amtrak Set to Upgrade Key Philadelphia Power Converter Station

Photo courtesy STV  STV is developing preliminary design for one of the largest railway converter stations in the world, owned by Amtrak. Amtrak has selected STV to develop the preliminary design to replace the Richmond Static Frequency Converter (SFC) #4 in Philadelphia. The facility is Amtrak’s largest traction power converter station and one of the largest railway

How Will Bitcoin, Ethereum and XRP React if CLARITY Act Passes or Fails?

The CLARITY Act has become a major regulatory focus for the crypto industry. However, Alex Tapscott, CEO of CMCC Global Capital Markets, said prediction markets may be overstating its chances of passing. While markets currently assign the bill roughly 47% to 50% odds of becoming law, Tapscott said it may struggle to secure enough bipartisan

Bitcoin Price Today: Weak Spot Demand Keeps BTC Under Pressure

Bitcoin price today remains under pressure as spot demand continues to weaken despite periodic increases in futures trading activity. According to the analysis, combined spot and futures demand is estimated at -127,000 BTC, a level considered too weak to support a sustained uptrend. The report suggests the recent market stabilization is driven more by seller

AAVE Price Could Be One Breakout Away From a Massive Rally

AAVE price is approaching a pivotal technical milestone after climbing 8%, with derivatives markets signaling growing confidence among bullish traders. The latest rally has pushed the DeFi token within striking distance of a resistance zone that has defined its broader downtrend for months. A decisive breakout from here could reshape market sentiment and establish the

Pump.fun (PUMP) Price Prediction 2026,2027-2030: Will PUMP Lead Solana’s DeFi Boom?

Story Highlights The Live Price Of Pump.fun is Loading live price Predictions suggest PUMP could reach $0.01 in Q1 2026. Long-term forecast sees PUMP reaching $0.22 by 2030 in a moderate scenario. PUMP.fun (PUMP), a utility coin launch platform for launching Solana-based memecoins with its viral “no-code” model that makes token creation easy for everyday

Want Your Business to Be Seen Everywhere? Meet Tonia Ryan, Creator of Fix Your Search

Some people are good at their jobs. Then there is Tonia Ryan, who has turned “getting found online” into something close to magic. She is the creator of Fix Your Search, and if you have ever wondered why some businesses pop up everywhere while others seem invisible...

Grey Business processes $61 million as stablecoins dominate payments

Grey Business enables startups and SMEs to open US Dollar (USD) corporate accounts, send and receive international payments, convert currencies, and transact using stablecoins such as USDC and USDT...

Utah Marketers to Host Free Business Networking Event in Layton on June 24

The custom web design company is hosting free monthly networking events for Northern Utah business leaders, with the next event scheduled for June 24 from 4 to 6 p.m. Utah Marketers is hosting a free local business networking event on June 24 from 4 to 6 p.m. at the company’s Layton office. The event is