US recorded-music revenues rose 16.5% in 2017 to $8.72bn
Posted on: 22 mars 2018, by : Stuart Dredge

US industry body the RIAA has published its figures for recorded-music revenues in 2017, and they show a 16.5% rise in ‘estimated retail value’ to $8.72bn.
That represents accelerating growth, after an 11.4% rise in 2016 to $7.65bn. On a wholesale basis – the revenues collected by labels after retailers and digital services have taken their shares – 2017 saw growth of 12.6% to $5.9bn.
The RIAA is clear on the cause: streaming, and particularly streaming subscriptions. Paid music subscriptions to services including Spotify, Apple Music, Amazon’s services, Pandora and Tidal grew by 63% in 2017 to $4.09bn.
The post US recorded-music revenues rose 16.5% in 2017 to $8.72bn appeared first on Music Ally.
Source: Music ally

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