Tuesday, October 16, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Cyber-shot HX99 Is Possibly the World's Smallest Travel High Zoom Camera
New Palm Phone Is About the Size of a Credit Card
HP Arms ZBooks with Intel Core i9 Processors
Dell Expands UltraSharp Monitor Family With New UltraSharp 49-inch Dual QHD Monitor
ARM and Intel to Secure Internet of Things
Adobe Announces New Creative Cloud at MAX 2018
8K TV Shipments to Reach More Than 400,000 Units in 2019, IHS Markit Says
Sharp Releases New AQUOS 8K LCD TVs With 8K Satellite Tuner
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Streami...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 23, 2018
Streaming Services Keep Driving Music Business


The American recorded music business grew in 2017, for the second consecutive year, as music fans continued to subscribe to streaming services, which counted more than 35 million U.S. subscriptions and drove a 16.5% increase in retail sales to $8.7 billion.

According to data released by the Recording Industry Association of America (RIAA), music is a digital business, with more than 80% of overall revenue stemming from an array of digital platforms and services.

In 2017, streaming music services delivered $5.7 billion in revenue - almost 2/3rd of total U.S. music industry revenues in 2017, and contributed nearly all of the growth. The streaming category includes
revenues from premium subscription services, streaming radio services including those revenues distributed by SoundExchange (like Pandora, SiriusXM, and other Internet radio), and ad-supported on-demand streaming services (such as YouTube, Vevo, and ad-supported Spotify).

Paid music subscriptions (services like Spotify, Amazon, Tidal,
AppleMusic, Pandora and others) generated the lion's share of that amount ? surpassing $4 billion for the first time ? and now represent the largest recorded music format by value. New services like Pandora Premium, iHeartRadio All Access, and the first full year of Amazon Unlimited added to a growing group of offerings along with established services like Apple Music, Spotify, Tidal, and others. Note the number
of subscriptions does not include limited tier services.

Revenues from digital downloads fell 25%, to $1.3 billion in 2017. For the first time since 2011, revenues from physical products exceeded those from digital downloads. Revenues from sales of track downloads were down 25%, and digital album revenue decreased 24% versus 2016.
The total value of digitally distributed formats in 2017 was $7.0 billion, up 22% from the prior year.

Finally, shipments of physical products decreased just 4% to $1.5 billion in 2017, a lower rate of decline than in recent years. In the first half of the year, the rate of return of physical goods declined, leading to better results. In the second half, those rates returned to more typical levels.

Vinyl continues to be a bright spot among physical formats, with revenues up 10% to $395 million. Shipments of CDs continued to decline, falling 6% in 2017 to $1.1 billion. Revenues from shipments of physical products made up 17% of the industry total in 2017.


Previous
Next
Samsung Electronics Shareholders Approve Stock Split, Company Talks About Future for Smartphones, Chips        All News        Huawei Could Release 512GB and Blockchain-Ready Smartphone
Samsung Electronics Shareholders Approve Stock Split, Company Talks About Future for Smartphones, Chips     General Computing News      Google to Develop Its Own Blockchain-Related Technology

Get RSS feed Easy Print E-Mail this Message

Related News
U.S. Music Industry Dominated by Streaming
The State of Music Mid-Way Through 2017
Fair Play Pay Act Re-introduced
World's Largest Music Strem Ripping Site Faces Legal Action
Creative Community Says FCC's Set top Box Proposal is Harmful Impact on Content Creators
Artists, Songwriters Call For Reforms of DMCA
Streaming Boosts Music Industry Revenues
RIAA Debuts New Album Award With Streams
Aurous Shuts Down Following RIAA Lawsuit
Streaming Music Outsells Physical Media: RIAA
RIAA Says U.S. Music Business Remained Relatively Flat in 2014
U.S. Releases Trade Report On Worst Copyright Offenders

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .