British music industry adds record £8bn to UK economy, according to UK Music

The British music industry contributed a record £8 billion to the UK economy in 2024, marking a 5% increase from the previous year's £7.6 billion. This growth was fueled by major events such as Taylor Swift's Eras tour and Take That’s stadium performances. The contribution encompasses revenue from ticket sales, tourism, and recorded music, including streaming and commercial deals. The annual report from UK Music highlights the industry's significant role in boosting the economy, showcasing the global success of British artists and the rising job numbers within the sector.