iHype. Posted March 22, 2018 Share Posted March 22, 2018 RIAA 2017 Year-End Music Industry Revenue Report Quote 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. 2 2 Link to comment Share on other sites More sharing options...
Yog Posted March 22, 2018 Share Posted March 22, 2018 I HATE STREAMING.. Link to comment Share on other sites More sharing options...
FreeBitch Posted March 22, 2018 Share Posted March 22, 2018 Nothing about the numbers of suscribers per streaming services. Link to comment Share on other sites More sharing options...
iHype. Posted March 22, 2018 Author Share Posted March 22, 2018 2 minutes ago, FreeBitch said: Nothing about the numbers of suscribers per streaming services. Per Billboard last month: Quote 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 Link to comment Share on other sites More sharing options...
jomarr Posted March 22, 2018 Share Posted March 22, 2018 Wait, more physical records were sold than downloads? iTunes is dead. Link to comment Share on other sites More sharing options...
Caesar Posted March 22, 2018 Share Posted March 22, 2018 Ariana led this revolution, she's always ahead of her time Link to comment Share on other sites More sharing options...
jomarr Posted March 22, 2018 Share Posted March 22, 2018 1 minute ago, iHype. said: Per Billboard last month: https://www.billboard.com/articles/business/8098161/apple-music-spotify-streaming-wars-subscribers-advantage That's a very close margin and kind of impressive for Apple Music. Link to comment Share on other sites More sharing options...
ATRL Moderator Samson Posted March 22, 2018 ATRL Moderator Share Posted March 22, 2018 (edited) itunes found dead in cupertino, california does any1 know exactly wht "other ad-supported streaming" is?? Edited March 22, 2018 by Yndda Link to comment Share on other sites More sharing options...
umich Posted March 22, 2018 Share Posted March 22, 2018 Link to comment Share on other sites More sharing options...
DatChickDoe Posted March 22, 2018 Share Posted March 22, 2018 Katy really did save the music industry Witness indeed Link to comment Share on other sites More sharing options...
iamvladd Posted March 23, 2018 Share Posted March 23, 2018 Literally RIP Digital Downloads. Link to comment Share on other sites More sharing options...
Mediabase Posted March 23, 2018 Share Posted March 23, 2018 Streaming saving the industry. Link to comment Share on other sites More sharing options...
Indigo Blue Posted March 23, 2018 Share Posted March 23, 2018 Streaming > Digital Downloading Link to comment Share on other sites More sharing options...
Tusk Posted March 23, 2018 Share Posted March 23, 2018 ...when physical copies even sell more than digital downloads.... Hopefully this proves that being #1 on iTunes means nada. Link to comment Share on other sites More sharing options...
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