The music industry is still a long way from its late ’90s heyday, but the Recording Industry Association of America’s midyear report shows the growth of streaming continues apace, with retail revenues up to $4 billion, 17% more than last year, while wholesale is up 14.6% to $2.7 billion. With paid subscriptions rising to 30.4...

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BING NEWS:
  • RIAA Report 2023 Takeaways: Is the U.S. Too Reliant on Paid Subscriptions?
    Trending on Billboard Here are five takeaways from the report. Revenue from paid subscriptions from premium music streaming services ... 3% of total recorded music revenues in 2023, an increase ...
    03/26/2024 - 1:00 pm | View Link
  • New Report: Streaming Powered Recorded Music Revenue To $17.1 Billion In 2023, As RIAA Warns Of Generative AI Threat
    Streaming comprises 84% of total revenues and a total of $14.4 billion—an all-time high of 96.8 million paid subscriptions to on-demand services—according to the RIAA report released on March 26.
    03/26/2024 - 3:09 am | View Link
  • U.S Recorded Music Revenue Grew by 8% in 2023, Per RIAA Annual Report, but Layoffs and Slowing Growth Are Cause for Concern
    Streaming continues to drive the business, making up 84% of total revenues and now totaling $14.4 billion – hitting an all-time high of 96.8 million paid subscriptions to on-demand services.
    03/26/2024 - 2:58 am | View Link
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