Streaming now accounts for 80 percent of the US music market

guest · Jan 1, 2020

Streaming now accounts for 80 percent of the US music market
It made up just seven percent in 2010, according to RIAA stats
December 31, 2019
https://www.engadget.com/2019/12/31/music-streaming-market-share-us-spotify-apple-music/

Streaming has completely reshaped the face of the music industry over the last decade, with the likes of Spotify and Apple Music proving to be overwhelmingly popular with music fans. The Recording Industry Association of America has revealed some stats that underline the mammoth sea change.

The organization says streaming accounts for 80 percent of the US music market, compared with seven percent in 2010. Streaming subscriptions rose from about 1.5 million to around 61 million between 2010 and the first half of 2019, according to the RIAA.
In 2010, physical sales accounted for 52 percent of the US music market and digital sales 38 percent.

It's not quite clear how their sales figures break down between streams and digital/physical album sales. However, given some of their songs have hundreds of millions of plays on various services, streaming certainly played an important factor.
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Over the course of the decade, streaming has surpassed both digital downloads and physical products, now accounting for 80% of the market. #RIAAMusicData pic.twitter.com/q04FeQBT5a
— RIAA (@RIAA) December 30, 2019
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guest · Apr 14, 2020

Coronavirus lockdown isn’t stopping U.S. spending on streaming music services
April 14, 2020
https://www.cultofmac.com/701701/co...ing-u-s-spending-on-streaming-music-services/

However, one area it doesn’t seem to be negatively impacting in the U.S. is the streaming music market.

According to a report from Music Business Weekly, published Monday, streaming music service subscriptions are not only not slowing down right now; in some cases they’re actually increasing.
Music Business Weekly reports that Apple Music subscriptions’s global subscriber base grew “comfortably” in March 2020 compared to the month before.

That streaming music is on the rise isn’t enormously surprising in itself. It also makes total sense that people trapped at home would splurge on music services.
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guest · Jul 19, 2020

COVID-19 boredom boosts streaming music for 2020
July 18, 2020
https://appleinsider.com/articles/20/07/18/covid-19-boredom-boosts-streaming-music-for-2020

The social distancing measures of the ongoing COVID-19 pandemic has benefited music streaming services like Apple Music, with a Nielsen US music industry report indicating streaming subscriptions saw continued growth while other methods of buying music were negatively affected.

The music industry in general was enjoying a considerably good start to 2020 in the first few months of the year, the Nielsen report claims, with total audio activity in the United States up 14.6% year-on-year from the start of 2020 until March 12. During that time, on-demand audio streaming services like Apple Music saw growth of 20.4% year-on-year.
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The higher number of streams is a continuing trend for the music industry, as consumers move from buying music to paying for access.
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guest · Sep 13, 2020

Streaming now accounts for 85 percent of recorded music revenue, the RIAA says
Vinyl outsold CDs for the first time since the '80s
September 11, 2020
https://www.engadget.com/riaa-streaming-vinyl-cds-mid-year-report-153215821.html

The Recording Industry Association of America has released its mid-year report on the state of the US music industry. While there were plenty of expected outcomes (streaming way up, physical sales continuing to plunge), there were a few surprises.

The report indicates that, for the first time since the 1980s, vinyl outsold CDs. Vinyl album sales rose by four percent from the first half of 2019 to $232 million. That accounts for 62 percent of physical revenue during the first six months of the year, but just four percent of the overall revenue from recorded music.

Overall physical sales fell to $376 million. That’s a drop of 23 percent year-over-year.
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It shouldn’t come as a surprise that streaming subscriptions are way up. Spotify, for instance, added 12 million Premium subscribers during the six months to hit a global total of 138 million. Paid streaming subscribers in the US increased by 24 percent from the first half of 2019 to more than 72 million. Total streaming revenue rose 12 percent year-over-year to $4.8 billion.

[...] it speaks to the dominance of streaming that revenue from ad-supported streaming ($421 million) was higher than both physical sales and digital downloads ($351 million) during that period.
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The report found that streaming accounted for 85 percent of music revenue in the first six months of the year, up from 79 percent across all of 2019.
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RIAA: RIAA releases 2020 mid-year data on U.S. consumer listening and recorded music revenues

Washington, D.C. (September 10, 2020) – The Recording Industry Association of America (RIAA) today released its mid-year 2020 report showing growth in paid subscription streaming more than offsetting revenue declines in other areas of the U.S. recorded music market, and detailing ways the COVID-19 pandemic has affected the market for music.
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xxJackxx · Sep 14, 2020

I don't like the whole streaming thing. It requires an internet connection and if they pull what I wanted to listen too then too bad I guess.

reasonablePrivacy · Sep 14, 2020

xxJackxx said: ↑

I don't like the whole streaming thing. It requires an internet connection and if they pull what I wanted to listen too then too bad I guess.
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I think that Spotify Premium has feature to download music and podcasts to listen offline later. Stitcher (podcast app) has this feature for sure.
On the other hand knowing that streaming service may pull out content at every given time is not funny at all. In addition streaming is not privacy friendly.

xxJackxx · Sep 14, 2020

reasonablePrivacy said: ↑

I think that Spotify Premium has feature to download music and podcasts to listen offline later. Stitcher (podcast app) has this feature for sure.
On the other hand knowing that streaming service may pull out content at every given time is not funny at all. In addition streaming is not privacy friendly.
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I've had that experience with Netflix. I would be half way through a series and it would disappear. It is a major reason why I cancelled.

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