U.S. Paid Music Subscriptions Top 100M For First Time As Vinyl Surge Continues, RIAA Reports
Reading now: 504
deadline.comThe United States continues to be one nation under a groove. The country’s recorded music sector grew again in 2024, up by more than $500 million from the previous year, driven by paid subscriptions topping 100 million for the first time.
The RIAA also reports that the nearly two-decade surge in sales of vinyl records continued as more buyers choose to spin the black circle.
The trade group noted that the U.S. retail music sector was valued at $17.7billion for the year, compared with $17.1 billion in 2023.
But combined digital and physical total-unit sales of albums and singles fell by nearly 13% to 220.4 million. The “RIAA 2024 Year-End Revenue Report” (read it here) found that streaming remained the biggest driver, with $14.9B.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
