RIAA Says Music Streaming Generated 80% of Industry Revenue in 2019

Accounting for more money than the entirety of recorded music in 2017.

Music
1,517 Hypes 0 Comments

Supported by steady streaming growth, the record music industry saw the fourth consecutive year of double-digit growth in 2019, according to the annual revenue report released by the Recording Industry Association of America on Tuesday. That data shows streaming as king, generating 79.5% of the U.S. industry’s total revenue.

The newly revealed report showcases recorded music revenue as jumping 13% from the year previous, totaling $11.1 billion USD, the first time the industry has hit such numbers since 2006. Paid subscription services dominated the majority of streaming revenue, with ad-laced streaming and royalties helping to solidify music streaming’s hold. RIAA has also shared that subscriptions to various services like Spotify, Apple Music, and Tidal have jumped to 60.4 million in 2019, nearly 14 million more than the 46.9 million subscriptions from 2018. Streaming music alone in 2019 generated more money than the entirety of the industry in 2017.

Unsurprisingly, digital downloads and physical sales continued to falter in 2019, making up for 10% and 8% of the industry’s revenue, respectively. Though the resurgence of vinyl has been steadily growing over the past decade, physical sales dropped due to plummeting CD sales, which made up 54% of physical sales last year. Downloads slumped 18% in 2019, generating $856 million USD, the first time digital download revenue has fallen below $1 billion USD since 2006.

For more music news, YouTube recently sparked a frenzy by shutting down the lofi hip hop radio livestream.

Read Full Article

What to Read Next

Eminem's '8 Mile' Soundtrack Goes 6x Platinum
Music

Eminem's '8 Mile' Soundtrack Goes 6x Platinum

As the film celebrates its 20th anniversary.

Phaidon Publishes New Book on Paola Pivi
Art

Phaidon Publishes New Book on Paola Pivi

The most comprehensive catalog on the artist to date.

Wiz Khalifa Shares New Album 'Multiverse' Featuring THEY. and Girl Talk
Music

Wiz Khalifa Shares New Album 'Multiverse' Featuring THEY. and Girl Talk

His first record since 2018’s ’Rolling Papers.’


Hearts Hit the New Balance 550 in "White Scarlet"
Footwear

Hearts Hit the New Balance 550 in "White Scarlet"

Pink + White.

Sony Files Patent for Sensory PS5 Controllers That Gauge "Biofeedback"
Gaming

Sony Files Patent for Sensory PS5 Controllers That Gauge "Biofeedback"

Measuring sweat and heart rate.

Pop Smoke's "Dior" Earns Late Rapper His First Solo Billboard 100 Entry
Music

Pop Smoke's "Dior" Earns Late Rapper His First Solo Billboard 100 Entry

Racking up 5.2 million streams.

Divine Council's Cyrax Returns With New 'Stay Active 2' EP
Music

Divine Council's Cyrax Returns With New 'Stay Active 2' EP

Filled with his psychedelic blend of R&B and trap.

HAVEN Fragments Military & Workwear Inspirations for SS20
Fashion

HAVEN Fragments Military & Workwear Inspirations for SS20

Optimized for Canada’s seasonal climates.

Grimes Discloses Her 'Cyberpunk 2077' Character's Backstory
Gaming

Grimes Discloses Her 'Cyberpunk 2077' Character's Backstory

Possible spoilers ahead.


CDG HOMME PLUS Adds Pleated Satin Trims to Classic Wool Trousers
Fashion

CDG HOMME PLUS Adds Pleated Satin Trims to Classic Wool Trousers

Updating the wardrobe staple in Rei Kawakubo’s gothic style.

Justin Bieber Surrounds Himself With Nature in "Changes" Music Video
Music

Justin Bieber Surrounds Himself With Nature in "Changes" Music Video

Released just after the artist nabbed his seventh No. 1 album.

The 2021 Mercedes-AMG GLA 45 Carries a Menacing Four-Cylinder Engine
Automotive

The 2021 Mercedes-AMG GLA 45 Carries a Menacing Four-Cylinder Engine

Pushing out more than 400 horsepower.

1017 ALYX 9SM Drops Black Croc Leather Dress Shoes
Footwear

1017 ALYX 9SM Drops Black Croc Leather Dress Shoes

Crafted with a 30mm stacked block heel.

Stephen Wynn Purchases Two Picasso Paintings From Marron Estate for $105M USD
Art

Stephen Wynn Purchases Two Picasso Paintings From Marron Estate for $105M USD

The works will be showcased at galleries in New York later this April.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.