The knock-on effect on the rest of the industry is immense. There are many factors at play, but the ones with the power here are the big artists

In October 2024, Heat magazine’s list of the UK’s 30 richest celebrities under 30 ranked Harry Styles at the very top, with an estimated wealth of £200m. (He’d doubtless have fared well in last year’s survey, too, but he’s 31 now.)

Whatever your views on the fabulous wealth accrued by a small elite of megastars, and regardless of your opinion of Styles’ musical merits, that figure doesn’t sit well next to the headlines he is now making.

Simon Price is a music journalist and author