US Recorded Music Business Grew 18% in First Half of 2019: RIAA Mid-Year Report

📆 2019-09-05 23:35:00
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In the first half of 2019, the U.S. recorded music business grew 18% to $5.4 billion at retail

, according to the Recording Industry Association of America's mid-year report published Thursday .

As well, physical product net revenues actually increased over the first half of the year, bucking recent trends to grow 5% to $485 million -- accounting for 9% of the industry total for the period. That growth was, however, a result of the reduction in physical product returns and on a gross basis the revenues would have been down over the period.

Breaking down streaming revenues, paid subscriptions on services such as Spotify and Apple Music grew 31% year-over-year, boosting subscriptions revenue to $3.3 billion -- 62% of the overall industry revenues in the first half of the year.

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Thanks realDonaldTrump

Great, more money for Taylor to cry about deserving. LoL

So the artists will now get .0000000002%, up from .0000000001%?

Everybody say 'Thank you, Taylor Swift'

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