<-
Back to all posts

Tickets and Record Sales - Music Industry News

Written by

Abbie Dawson

Published

January 10, 2025

Category

Latest research

Ticket touting and streaming stats...

At Startle, we live and breathe music. We’re on top of new releases, and we like to think we’re pretty on the pulse of what’s going on in the industry. 

2025 has kicked off with some pretty interesting music industry headlines. Let’s deep dive into them. 

Price of resale tickets to be capped under plans to tackle touts

The UK government is proposing measures to cap the resale price of event tickets, aiming to combat ticket touts and ensure fair access for consumers. The plan suggests limiting resale prices to a maximum of 30% above the original ticket value.

Understanding ticket touting

Ticket touting involves purchasing event tickets with the intent to resell them at inflated prices, often exploiting high demand and limited availability. This practice can prevent genuine fans from attending events due to extremely high costs. We’ve seen many cases of this over the last ten years, and we’re sure anyone reading this will have experienced it.

According to analysis by the Competition and Market Authority (CMA), tickets sold on the resale market are typically marked up by more than 50%.

Proposed measures

The government's proposal includes:

  • Price cap: Limiting resale prices to 30% above the original ticket price to prevent excessive markups.
  • Enforcement: Implementing stricter regulations and penalties for those who violate the cap.

Implications for consumers and the industry

If enacted, these measures could:

  • Enhance fairness: Ensure more equitable access to event tickets for all consumers.
  • Reduce exploitation: Deter individuals and organisations from engaging in profiteering through ticket resales.
  • Promote transparency: Encourage legitimate secondary markets to operate within the legal framework, providing consumers with clear information about ticket pricing.

Music fans in the UK spent more on recorded music in 2024 than ever before

The music industry has experienced a significant resurgence, with sales reaching a 20-year high of £2.4 billion, driven by the popularity of streaming services and vinyl records. That overtakes the previous high of £2.2bn, achieved at the peak of CD sales in 2001.

Streaming services

Streaming platforms have revolutionised music consumption, offering vast libraries accessible from anywhere. This convenience has attracted millions of subscribers, contributing substantially to the industry's revenue growth. The Digital Entertainment and Retail Association (ERA) have said subscriptions to services like Spotify, Amazon Music and Apple Music accounted for almost 85% of the money spent on music last year.

The comeback of vinyl

Vinyl records have made a notable return, appealing to both nostalgic listeners and new audiences seeking tangible music formats. The market for vinyl records grew by 10.5%, with 6.7 million discs sold last year, generating £196m. This revival has played a significant role in boosting overall music sales. 

Impact of major artists

Albums from artists like Billie Eilish, Taylor Swift, and Coldplay have been instrumental in this sales surge, demonstrating the influence of popular musicians on industry trends.

Share this post

LinkedIn
Facebook
X
Email icon

Like what you hear?

Ready to amplify your brand? Get in touch to find out how we can use music and tech to help you achieve your goals.

Request information

Like what you hear?

Elevate your brand with strategic music solutions, designed to build an impactful audio experience. We’re here every step of the way to help you craft your auditory identity and achieve your goals.

Request information

Like what you see?

Elevate your brand with strategic visual solutions, designed to build an impactful experience. From digital signage to branded TV, our end-to-end service ensures your brand's visual identity is consistent, impactful and supported every step of the way.

Request information

Like what you hear?

Proactive account management, free player replacements, end-to-end support… our Relentless Support™ team are definitely just that - relentless. You can rest assured that you’re in safe hands with Startle - get in touch.

Request information

Like what you hear?

Ready to amplify your retail brand? Get in touch to find out how we can use music and tech to help you achieve your goals.

Request information

Like what you hear?

Ready to amplify your hospitality brand? Get in touch to find out how we can use music and tech to help you achieve your goals.

Request information

Abbie Dawson

With a degree in Marketing and a Marketing Week Mini MBA in Marketing, Abbie has always had a goal of working with a brand with music in its DNA. Enter: Startle. She is in charge of our marketing activity, making sure to spread the word of Startle to as many brands as possible. When Abbie’s not working, you'll find her vinyl shopping to add to her collection or in the gym picking up heavy things or making enemies with a punching bag.

Say hello on LinkedIn

Like what you hear?

Ready to amplify your brand? Get in touch to find out how we can use music and tech to help you achieve your goals.

Request information

Like what you hear?

Elevate your brand with strategic music solutions, designed to build an impactful audio experience. We’re here every step of the way to help you craft your auditory identity and achieve your goals.

Request information

Like what you see?

Elevate your brand with strategic visual solutions, designed to build an impactful experience. From digital signage to branded TV, our end-to-end service ensures your brand's visual identity is consistent, impactful and supported every step of the way.

Request information

Like what you hear?

Proactive account management, free player replacements, end-to-end support… our Relentless Support™ team are definitely just that - relentless. You can rest assured that you’re in safe hands with Startle - get in touch.

Request information

Like what you hear?

Ready to amplify your retail brand? Get in touch to find out how we can use music and tech to help you achieve your goals.

Request information

Like what you hear?

Ready to amplify your hospitality brand? Get in touch to find out how we can use music and tech to help you achieve your goals.

Request information

Contact us.

Get in touch to speak to our team who are ready to help you amplify your brand. We’d love to hear from you.

  • Number of locations *

UK

Startle Music Ltd
6 Hillside Farm, Pepper Hill
Great Amwell, SG12 9FX, UK
+44 (0) 203 397 7676

Europe

Startle c/o I.D. Online Ltd
3015 Lake Drive
Dublin, D24 DKP4, Ireland
+353 1 697 2557

Americas

Startle International Inc
228 Park Ave S, PMB 88380
New York, NY 10003, USA
+1 646-585-0165