The US music industry posted its fourth straight year of double-digit growth in 2019 to generate $11.1 billion in revenue.
The year’s total revenue jumped 13%, the Recording Industry Association of America said in its annual report, with streaming accounting for US$8.8 billion, nearly 80% of the sum. Paid subscriptions accounted for 61% of total record music revenues stateside, with 60.4 million paid subscribers to on-demand services.
These types of services saw more than 500 billion songs streamed to more than 100 million US listeners, but formed only 8% of 2019’s revenues.
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