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RIAA Year-End Report; US music industry up 16.5%


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RIAA 2017 Year-End Music Industry Revenue Report

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In 2017 revenues from recorded music in the United States increased 16.5% at estimated retail value to $8.7 billion, continuing the growth from the previous year. At wholesale, revenues grew 12.6% to $5.9 billion. Similar to 2016, these increases came primarily from growth in paid music subscriptions to services like Spotify, Amazon, Tidal, AppleMusic, Pandora and others, which grew by more than 50%. This is the first time since 1999 that U.S. music revenues grew materially for two years in a row. At $8.7 billion, the industry has taken a decade to return to the same overall revenue level as 2008, and is still 40% below peak levels as the growth from streaming has been offset by continued declines in revenues from both physical and digital unit based sales.

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Nothing about the numbers of suscribers per streaming services. 

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2 minutes ago, FreeBitch said:

Nothing about the numbers of suscribers per streaming services. 

Per Billboard last month:

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At the end of October, about 18.2 million of Spotify’s 70 million paid subscribers worldwide were in the U.S., while Apple had about 15 million subscribers in the U.S., according to sources.

 

As it is, the number of U.S. Apple Music subscribers is expected to at least draw even with, if not overtake, Spotify in about July. But with downloads declining at an alarming rate, Apple's overall lead in market share, including revenue from iTunes, is expected to narrow by the end of 2018, industry sources project. 

 

Billboard further extrapolates that both Apple Music and Spotify’s paid tier in the U.S. will each reach about 21 million subscribers by July 2018, although that timeline could be hastened if aggressive promotional tactics are employed by either service.

 

In 2016, Spotify's ad-supported tier had 24 million U.S. users and generated about $200 million in revenue; as of October 2017, that user base had grown to about 26 million and had already generated advertising revenue of about $225 million.

 
 
 

https://www.billboard.com/articles/business/8098161/apple-music-spotify-streaming-wars-subscribers-advantage

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Wait, more physical records were sold than downloads? iTunes is dead.

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Ariana led this revolution, she's always ahead of her time

 

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  • ATRL Moderator

itunes found dead in cupertino, california

does any1 know exactly wht "other ad-supported streaming" is??

Edited by Yndda
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Katy really did save the music industry :eek: Witness indeed 

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Literally RIP Digital Downloads. :rip: 

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Streaming > Digital Downloading 

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...when physical copies even sell more than digital downloads....:mandown:

 

Hopefully this proves that being #1 on iTunes means nada.

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