The Recording Industry Association of America (RIAA) found in its mid-2021 report that American music recording revenue in the first half of this year increased 27 percent year-over-year, from $5.6 billion to $7.1 billion (in retail value). for sale)
Music continues to be the music industry's biggest profitable cow, accounting for 84% of all US music industry revenue in the first half of 2021.
In the streaming subgroup , cash contributions are driving a wide margin. In the first half, cash subscriptions generated $4.6 billion in revenue. This represents about two-thirds of all music revenue, an increase of 26 percent year over year.
The number of subscriptions also increased to a record 82 million in the first half. This is a 13% increase from 73 million subscriptions in the first half of 2020. Half.
Physical music sales continued to be affected, especially vinyl. In the first half of 2021, revenue for vinyl albums rose 94 percent to $467 million. Of course, comparing this category is a bit unfair, considering that the Quaid-19 quarantine had a huge impact on physical music sales last year.