Music revenues are driven by concert films and music documentaries. That's just one important takeaway from entertainment data and insights company Luminate's 2024 year-end music report released Wednesday.

It's clear from some of the insights in the report that music documents mean business. "Concert films and music documentaries have once again demonstrated their value to streaming platforms, with Netflix, Prime Video and Disney+ leading the way to meet consumer demand for the format, while music rights holders reap the benefits of associated streaming surges and royalties benefit from it,” the report emphasized.

Luminate's streaming ratings tool highlights the most-watched music documentaries of 2024 across all major platforms, led by Netflix The greatest night in pop music historyabout a night in 1985 when the biggest stars in the industry gathered together to record "We Are the World." According to Luminate, the show has racked up 1.27 billion streaming minutes since its debut in January 2024 (see chart).

High quality video I am: Celine Dion In second place, followed by Netflix Return of the King: The Fall and Rise of Elvis Presleyand Netflix Miss Americaa Taylor Swift documentary originally released in January 2020. "Despite being the oldest on the list, Miss America ranks as the fourth most-watched music documentary of 2024, following the release of Taylor Swift's album The Tortured Poets Department and global Success has fueled this renaissance. Her Eras Tour is a testament to how strategic cross-promotion can breathe new life into a catalog and its revenue potential," explains Luminate.

Speaking of Swift, she topped the global rankings of 2024 as the most streamed songwriter and most influential artist.

"Taylor Swift continues global dominance in 2024 with critically acclaimed album tortured poets department and the record-breaking Eras Tour," the company highlighted. "Now, Luminate also reveals for the first time that Swift is the most streamed songwriter in the world in 2024. An analysis of the top 1,000 most-streamed songs worldwide shows Swift at No. 1, ahead of industry icons like Max Martin. Created for Katy Perry, Britney Spears, Ariana Grande and more stars and The Weeknd. "

The report shows that songwriters from the US, UK and Canada account for the most streams of the top 1,000 songs in 2024, but also highlights "the growing influence of international songwriters from Sweden and France, who respectively Taking the fourth and fifth spots, Australia, Norway, Germany, Colombia and South Korea round out the top ten, reflecting the diversity of the modern hit music production landscape."

Swift further solidifies her dominance by topping Luminate's first-ever ranking of the world's most influential artists. The Luminate Index is a "comprehensive metric used to understand the depth, breadth and affinity of an artist's fandom among U.S. consumers, helping brands make informed decisions about artist partnerships," the company explains. "Female artists occupy eight spots in the top 10, with Swift at the top, followed by Adele and Beyoncé. Elton John (fourth) and Eminem (sixth) are The only male artist to enter the top ten, Rihanna ranks fifth, while also ranking first among Gen Z consumers are Shakira (seventh) and Ariana Grande. (eighth), Lady Gaga (ninth) and Dolly Parton (tenth).

Luminate is a subsidiary of PME TopCo., a hollywood reporter Owners Penske Media Inc. and Eldridge. Its analysis uses 23 trillion data points from thousands of artists and data from more than 500 partners across digital, retail and broadcast.