The value of the U.S. recorded music industry grew by 6.1% during 2022 to surpass $15.87 billion, according to a year end report, as streaming subscriptions’ annual revenue cracked $10 billion for the first time and vinyl managed to outsell CDs.
U.S. Recorded Music Revenues Up 6% in 2022 as Paid Subscriptions Hit $10B: RIAA
The average number of paid subscriptions reached 92 million, helping buoy the industry to a seventh straight year of growth.
For the full article, please click on the image, above.
U.S. Recorded Music Revenues Are Still 46% Below 1999 Peaks, RIAA Data Shows
Did Spotify and music streaming really save the music industry? Not according to inflation-adjusted recorded music revenue data.
For the full article, please click on the image, above.