February 18, 2020 | Uncategorized
2019 RIAA Music Industry Revenue Statistics
Fueled by tremendous creative output by groundbreaking artists and now more than 50 million paid subscriptions, the U.S. music industry experienced its third year of consecutive growth in 2019 with retail revenues up 12% to $9.8 billion. Streaming now comprises 75% of total industry revenues. Vinyl continues to be a bright spot for the physical market, up 8% to $419 million, the highest revenue level since 1988.
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