Thursday 21 September 2017

US recorded music market growth driven by streaming

The Recording Industry Association Of America say that in the first half of 2017 retail revenues from recorded music in the US were up approximately 17% to $4 billion, with wholesale revenues up about 14.6% to around $2.7 billion.  The big growth is in streaming with revenues from all the various streaming services available in the US now accounting for 62% of the total American market, with total streaming revenues up 48% to $2.5 billion in the first six months of the year.

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