charts discussion RIAA: US recording industry up 11%; streaming 51% of market

[popmusic]

Quote

Estimated retail revenues from recorded music in the United States grew 11.4% in 2016 to $7.7 billion. The primary driver of that growth was a doubling of paid streaming music subscriptions which helped the American music business experience its biggest gain since 1998. At wholesale values, the industry was up 9.3% to $5.3 billion. Although our 2016 revenue report catalogues substantial overall improvement for the industry, revenues are still only about half what they were in 1999, and revenues from more traditional unit-based sales (physical products and digital downloads) continued to decline significantly

 

Quote

In 2016, for the first time ever, streaming music platforms generated the majority of the U.S. music industry’s revenues. The streaming category includes revenues from subscription services (such as paid versions of Spotify, TIDAL, and Apple Music, among others), streaming radio services including those revenues distributed by SoundExchange (like Pandora, SiriusXM, and other Internet radio), and ad-supported ondemand streaming services (such as YouTube, Vevo, and ad-supported Spotify). Total revenues from streaming platforms were up 68% to $3.9 billion. Streaming grew from just 9% of the market in 2011 to 51% of total industry revenues in 2016.

 

 

More: http://www.riaa.com/wp-content/uploads/2017/03/RIAA-2016-Year-End-News-Notes.pdf

[Adonis]

....but but but

 

Sales >>>> Streaming

 

[Domination]

Can we please show this to every record executive, rapper, and singer who has had a meltdown in the past two years because the general public is "stealing" from them.

[Lights and Waves]

GOOD. Now stop worrying about how many copies of Joanne get sold and go stream DiC so the good sis can take a hint!

[Cz!]

@ChartsFan

[Trent W]

Bye sales

 

 

[Cloudy]

Ariana changing the music industry like that  The impact

[HïFidelity]

Sales will only make a recovery if the internet slows down speeds by like 60%. I still buy physical albums almost religiously, tho, including vinyl records that were released in the 60s/70s/80s.

[Robyn]

 

[Azulito]

Screaming. Poor haters

[mathekr]

Streaming truly taking over, poor people against it  

[Bosque]

Omg slay. I think the biggest news is actually the first graph showing overall increasing revenues. Streaming LITERALLY saving the music industry

[iamvladd]

Digital downloads demise was so quick man!

[RomanNavy]

So can we talk about SPS now instead of pure sales all the time thnx 

[Thickorita]

48 minutes ago, popmusic said:

In 2016, for the first time ever, streaming music platforms generated the majority of the U.S. music industry’s revenues. The streaming category includes revenues from subscription services (such as paid versions of Spotify, TIDAL, and Apple Music, among others), streaming radio services including those revenues distributed by SoundExchange (like Pandora, SiriusXM, and other Internet radio), and ad-supported ondemand streaming services (such as YouTube, Vevo, and ad-supported Spotify). Total revenues from streaming platforms were up 68% to $3.9 billion. Streaming grew from just 9% of the market in 2011 to 51% of total industry revenues in 2016.

B-b-but free streams! N-n-nobody wants to pay for their music! 

[Glassmouth]

omg slay, I hope this also benefits upcoming artists and such 

[GreasyBruce]

And the songwriters continue to get screwed over. The government needs to step in and ensure that laws are updated.

[Hunter_13]

This still doesn't help the writers, mixers, producers, engineers, and etc.

 

Not really fair that they'll make hardly anything now. 

[frenchyisback]

Songwriters will be ok. Their real money come from radio airplay.... which is up btw.

[Samson]

holy **** streaming is the majority of the market now, even though it's by a little. amazing. I wonder what 2017 figures will be like

[NX127]

and ATRL loses again

[Communion]

4 hours ago, Cloudy said:

Ariana changing the music industry like that  The impact

Truly a pop pioneer. The main pop girl of the streaming age.

[popmusic]

7 hours ago, Hunter_13 said:

 

This still doesn't help the writers, mixers, producers, engineers, and etc.

 

Not really fair that they'll make hardly anything now. 

 

In US labels and recording artist are not get paid by radio stations  

 

Also, I see you want to say that streaming helps only recording artist (and labels) but not for example producers? So basically you don't know that producers and their stuff get ~10% of recording artist royalties. So if label/artist get more, they also will get more...

Edited March 31, 2017 by popmusic

[Domination]

6 hours ago, Hunter_13 said:

This still doesn't help the writers, mixers, producers, engineers, and etc.

 

Not really fair that they'll make hardly anything now. 

This has been disproved time and time again. If you're not making the same amount of money from streaming as you were with sales, your issue is with the label you're signed to or affiliated with, not streaming itself. They're the ones stealing from you.

[Yog]

8 hours ago, HïFidelity said:

Sales will only make a recovery if the internet slows down speeds by like 60%. I still buy physical albums almost religiously, tho, including vinyl records that were released in the 60s/70s/80s.

This.

 

Sales may be dropping, but it most definitely not dead.