Streaming music accounted for 80 percent of industry revenues in the first half of 2019

guest · Sep 6, 2019

Streaming music accounted for 80 percent of industry revenues in the first half of 2019
Revenues from digital downloads continue to decline
September 6, 2019
https://www.techspot.com/news/81787...unted-80-percent-industry-revenues-first.html

What just happened? Recorded music in the US generated $5.4 billion in revenue in the first half of 2019 according to a recent report from the Recording Industry Association of America (RIAA). That’s an increase of 18 percent compared to the same period a year earlier and is a direct result of more people signing up for streaming music services.

Collectively, streaming music accounted for 80 percent of industry revenues in 1H 2019. Paid subscriptions exceeded 60 million for the first time, we're told.
Revenue gains from streaming were partially offset by continued declines in digital downloads. In 1H 2019, revenues from this method of acquisition dipped 18 percent to just $462 million. The RIAA said individual track sales were down 16 percent while digital album sales fell 23 percent year-over-year.
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RIAA: RIAA Releases 2019 Mid-Year Music Industry Revenue Report

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Streaming music accounted for 80 percent of industry revenues in the first half of 2019

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Streaming music accounted for 80 percent of industry revenues in the first half of 2019

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