US recorded-music business grew by 18% in first half of 2019
Posted on: 6 septembre 2019, by : Stuart Dredge

Pop the champagne corks! Well, if you’re one of Music Ally’s American readers reading this story at the start of your working day, perhaps leave that until… whatever time won’t get you sacked for too-early-in-the-day boozing. But yes: celebrations, because the latest mid-year figures for the US recorded-music market are out from the RIAA, and they look very positive.
The topline: more double-digit growth, with retail (consumer-spending) revenues of $5.4bn for the first half of 2019, up 18% year-on-year, while on a wholesale (trade) basis, they grew by 16% to $3.5bn. Within the retail figures, streaming revenues grew by 26% to $4.3bn, and thus now account for 80% of the overall market. Within that, paid-subscription revenues grew by 31% to $3.3bn – 62% of the overall total – with the US averaging 61.1m paid music subscriptions in the first six months of 2019. That’s year-on-year growth of 30.3%.
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Source: Music ally

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