The 2024 iHeartRadio Music Awards featured outstanding performances from artists across various genres, including Ludacris, Justin Timberlake, Green Day, TLC, Jelly Roll, Lainey Wilson, Tate McRae, and Latto, showcasing the immense talent in the music industry.

Host Ludacris expressed his excitement about the event, highlighting the diverse talent lineup and the energy that filled the night.

Beyonce received the Innovator Award, while Cher was honored with the Icon Award, joined by Jennifer Hudson in a memorable duet performance of “Believe.”

Taylor Swift’s Continued Success

Continuing her record-breaking year, Taylor Swift added six trophies at the 2024 iHeart Radio Music Awards, including the Artist of the Year title, following her accolades at the 66th GRAMMYs and TIME Person of the Year recognition.

Other notable winners at the event included Jelly Roll for New Pop Artist, SZA for Song of the Year, and Drake for Hip-Hop Artist of the Year.

A Vibrant Night for a Thriving Industry

The music industry continues to flourish, with global recorded music revenue surpassing $28.6 billion in the latest IFPI report, marking a 10.2% year-over-year growth.

Streaming services have been leading the charge, growing by 11.2% annually and accounting for half of the market share. Notably, despite a 10% subscription price increase by Spotify, the platform gained a net of 31 million premium users.

Exploring MUSQ Global Music Industry ETF

With the music industry’s expansion, considering investments in the space could be a strategic move. Thematic ETFs, like the MUSQ Global Music Industry ETF, offer concentrated exposure to various segments of the music ecosystem, from streaming to live events and technology.

The diversified MUSQ ETF includes industry giants such as Spotify and Apple, device manufacturers like Sonos, and major labels including Universal Music Group and Sony, presenting an all-encompassing investment opportunity in the evolving music landscape.

Featured photo by Austin Neill on Unsplash.