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Mar 9, 2023 · Streaming grew 7% to $13.3 billion, and comprised 84% of revenues in 2022. The number of paid subscriptions to on-demand music services grew 10% to reach a new high, averaging 92.0 million in 2022, versus 84.0 million the prior year. At wholesale value revenues grew 5% and exceeded $10 billion for the first time ever. Download the full report here.
- YEAR-END 2022 RIAA REVENUE STATISTICS
for just 3% of U.S. recorded music revenues in 2022, down...
- YEAR-END 2022 RIAA REVENUE STATISTICS
for just 3% of U.S. recorded music revenues in 2022, down from a peak of 43% of revenues in 2012. PHYSICAL PRODUCTS. Revenues from physical music formats continued to grow . after their remarkable resurgence in 2021. Total physical . revenues of $1.7 billion were up 4% versus the prior year. Revenues from vinyl records grew 17% to $1.2 billion ...
Mar 9, 2023 · Streaming, unsurprisingly, made up the bulk of the industry’s revenues — 84%, up a tick from 83% in 2021, adding up to $13.3 billion in 2022, up 7% from $12.4 billion the year before.
Mar 9, 2023 · Streaming grew 7.3% to a record high $13.3 billion in revenue and collectively accounts for 84% of total recorded music revenues in the US, up slightly from 83% in 2021 On a wholesale basis – i.e. the money that makes its way back to record labels, distributors and ultimately artists – the US recorded music industry generated $10.3 billion in 2022 (see above).
Mar 9, 2023 · The significant revenue growth continues to come from consumers who subscribe to streaming. The RIAA reported that in 2012, digital downloads made up 43% of the overall industry’s revenue; in 2022, that number was just 3%. The total digital revenue was $13.8 billion, up 6.0% from 2021 and 87% of the total business. READ MORE MUSIC NEWS
Mar 21, 2023 · Subscription audio streaming revenues increased by 10.3% YoY to $12.7 billion in 2022, according to IFPI’s report. There were 589 million users of paid subscription accounts at the end of 2022. Total streaming (including both paid subscription and advertising-supported) grew by 11.5% YoY to reach $17.5 billion in 2022, and accounted for 67% of total global recorded music revenues.
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Mar 21, 2023 · Subscription audio streaming revenues increased by 10.3% to US$12.7 billion and there were 589 million users of paid subscription accounts at the end of 2022. Total streaming (including both paid subscription and advertising-supported) grew by 11.5% to reach US$17.5 billion, or 67.0% of total global recorded music revenues.
