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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.
- YEAR-END 2022 RIAA REVENUE STATISTICS
AA REVENUE STATISTICSYEAR-END 2022 Recorded music revenues...
- YEAR-END 2022 RIAA REVENUE STATISTICS
AA REVENUE STATISTICSYEAR-END 2022 Recorded music revenues in the U.S. in 2022 continued to. row for the seventh consecutive year. Total revenues grew 6% to a record high $1. .9 billion at estimated retail value. Streaming continued to be the biggest driver of growth with record levels of engagement in paid subscriptions, continued growth in ad ...
Nov 5, 2024 · Music streaming apps generated $47.7 billion revenue in 2023, a 10.1% increase on the year prior. Almost a third of all music streaming app revenue was from the US. Spotify is the most popular streaming service in terms of subscribers. In terms of overall usage, YouTube is far ahead with 2.5 billion users.
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.
- General Music Industry Statistics
- Music Industry by Music Streaming
- Music Industry by Music Genre
- Music Industry by Earnings
- Music Industry Trends and Projections
- Music Industry by Costs and Production
- Music Industry Statistics FAQ
- Conclusion
- References
The music industry permeates almost every aspect of our day to day lives. From hearing jingles in ads, to listening to that same Spotify playlist over and over again, it’s easy to see the importance of music. With that in mind, here are some interesting general facts about the music industry: 1. The annual revenue of the global recorded music indus...
Streaming music has quickly become the most popular method of listening to the latest tracks, and consequentially, also the most profitable. To find out more about the impressive size of the music streaming industry, here are some key facts: 1. 65% of the global recorded music industry’s revenue comes from streaming.This 2021 percentage was up from...
There are countless genres of music you could listen to, but some are more popular in the US than others. If you’re curious, we’ve gathered information about different music genres and their popularity. 1. R&B and hip hop accounted for 30.7% of all on-demand audio streams in the U.S. in 2020.This genre also held 28.2% of total album-equivalent cons...
Music industry artists and publishers can make a lot of money off music. While not everyone is successful, the cultural importance of the industry means that those who are will hit it big. 1. Independent artists earned $1.2 billion in revenue in 2020.This was the result of the artists direct (artists who don’t work with a recording label) seeing th...
Music genre popularity changes over time, and the industry is always in pursuit of the next greatest hit. Knowing that, we’ve gathered some interesting music industry trends and projections: 1. The global music industry’s revenue increased from $45.5 billion in 2012 to an estimated $59.48 billion in 2020.Here is the year-by-year breakdown of the gl...
Some artists produce music cheaply in their garages, while others record in million-dollar studios. If you want to know more about the costs that go into making music, and how much the music industry spends, here are some stunning facts: 1. Globally, record labels spent $5.8 billion on A&R and marketing in 2017. 2. Breaking an artistinto a major re...
Is the music industry growing?Yes, the music industry is growing. Worldwide, the global music industry’s revenue increased from $56.74 billion in revenue in 2019 to $59.45 billion in 2020.In 2021 a...What companies dominate the music industry?Universal Music Group, Sony Music Entertainment, and Warner Music Group dominate the music industry. These three companies are the world’s largest record...What are the latest trends in the music industry?The latest trends in the music industry are that streaming is supreme and that independent artists are earning more revenue than they used to. Music...In 2022, the global recorded music industry earned $26.2 billion in revenue, and 65% of that came from streaming, both from paid and unpaid subscriptions. 616.2 million people around the world have paid subscriptions, 82.2 million of which are in the U.S. Spotify has the largest portion of these subscribers, holding 31% of the market share by the n...
Mordor Intelligence. “Music Market Landscape – Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027).”Accessed on April 13, 2022.Statista. “Streaming Drives Global Music Industry Resurgence.”Accessed on April 13, 2022.IFPI. “Reports & Resources: Global Music Report.”Accessed on April 13, 2022.Statista. “Music Industry Marches to Universal’s Beat.”Accessed on April 13, 2022.Nov 4, 2024 · Premium Statistic Streaming music revenue in the U.S. by source 2015-2024 Premium Statistic Paid streaming music subscribers in the U.S. 2014-2024
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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.
