Streaming is now responsible for 75% of US music revenue


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New York (AFP)

In 2018, online viewing accounted for about 75 percent of the US music industry's sales of $ 9.8 billion, up 12 percent, according to data released by the music industry association, the RIAA.

The proportion of streaming in music industry revenues was only 65% ​​in 2017 and only 52% in 2016.

The RIAA includes in the category of streaming the free and paid platforms, including video sites like YouTube, as well as digital radios.

According to the association, the number of paid subscriptions exceeded the limit of 50 million at the end of 2018 to 50.2 million subscribers, jumping 42% in a year.

In just three years between the end of 2015 and the end of 2018, the number of paying subscribers of online music services has increased fivefold.

Paid subscriptions account for 63% of streaming revenue and nearly half of the US music industry's revenue (47%).

All other revenue sources for the music industry fell, with the notable exception of vinyl, whose sales soared 7.9 percent to $ 419 million.

The vinyl record sector, in full renewal, has not generated such revenues since 1988.

Although in a phase of strong acceleration since 2016, the turnover of the music industry in the United States remains significantly lower than the known levels between 1994 and 2007.

In 1999, a record year, revenue was $ 14.6 billion, of which 88% went to CDs.

In 2018, the United States sold 52 million CDs, compared with 939 million in 1999.

"Make no mistake, our community continues to face many challenges," said RIAA President Mitch Glazier in a statement. "But there are reasons to be decidedly optimistic," he added.


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