variety.com
Jem Aswad
social
reports
record
Digital
Music
UPS
Тикеры
Jem Aswad
U.S. Recorded-Music Revenue Grows Almost 10% But Vinyl Sales, Streaming Subscriptions Level Off
Reading now: 789
variety.com
variety.comJem Aswad Executive Editor, Music The U.S. music industry continued its robust growth in the first half of 2023, according to the RIAA’s latest mid-year report.
Total revenues grew 9.3% at estimated retail value, reaching an all-time first-half high of $8.4 billion; at wholesale value, revenues grew 8.3% to $5.3 billion.
Paid streaming subscriptions continued to be the strongest driver of revenue growth, according to the report, increasing by more than $550 million and growing to around 96 million subscriptions during the period.
Vinyl revenue leveled off, growing just 1% — it posted 22% growth in the same period last year — but physical formats reached their highest level since the first half of 2013, a full decade ago.
Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Report this news
Related News
Celebrities
Locations