Music streaming is now 75% of all industry revenue in H1 2018

September 21st, 2018   decode   news

The first half of the year is behind us, and the RIAA (Recording Industry Association of America) has just issued its 6-month report about the music industry market. Revenue grew 10% on a yearly basis and from $4.2 billion it is now $4.6 billion, mostly driven by the expanding streaming services and their paying subscribers.

According to the RIAA, 1 million new users subscribe for streaming services per month, which is massive growth, compared to any other category of the music business. Unsurprisingly, digital download and physical sales revenue continued to plummet – from $765…

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