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Streaming revenues exceeded $20bn for the first time ever in 2024, says Global Music Report [Yahoo! Finance]
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nominated artist ever (99) and the top 3 albums of the year globally were from Taylor Swift, Billie Eilish and Sabrina Carpenter. But what do the financials of the industry look like and what are the trends shaping the industry right now? In this episode of The Big Question, Hannah Brown is joined by Victoria Oakley, the CEO of the global body for record labels IFPI, to discuss their latest Global Music Report. The ‘music industry' isn't just one single industry - it's made up of many different parts which in turn influence other industries like travel, hospitality, fashion - as demonstrated by the 2024 ‘ Swiftonomics ' phenomenon. “So touring and live and concerts are huge, right? Then streaming - where you perhaps do an awful lot of your listening, there is publishing, there is songwriting , there is music for film, there's music for adverts, there is merchandising. There's this whole ecosystem of different ways in which artists both reach their fans and make money and can t
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