The Recording Industry Association of America Released its Mid-Year Report

The report found that total music revenues are up by 10% from this time last year. This is a smaller growth than the one between 2016-2017. The report says that 75% of the revenue is from streaming the bulk of that 75% being from paid subscriptions. Estimates say that 1 million new paying subscribers are being added per month on streaming services. This is a big contrast to digital downloads that are steadily dropping. They went down by 27% last year and are almost tied with physical media purchases.

--

Physical media is increasing due to the popularity of vinyl. CD sales are going down fast but vinyl keeps growing and it is expected that there will be a surge of vinyl purchases around the holidays. It won’t be long until physical purchases outnumber digital downloads.

(source)

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

LIKE AND FOLLOW US!

  • Facebook
  • Instagram
  • Twitter
  • YouTube
  • Spotify

16 Isaac St  •  Norwalk CT 06850  •  (203) 275-8672

toll free (888) 678-7716

Factoryundergroundstudio@gmail.com