Close ☰
Menu ☰

US music revenue grows 10% to $4.6bn in first half of 2018

Posted on: Thursday 11th of October 2018

Half year figures from the RIAA (Recording Industry Association of America) show US recorded music revenue grew 10% to $4.6bn at retail. Streaming is driving growth, with revenue increasing to $3.35bn, up 28.4% from the first half of 2017. Paid subscriptions grew to $2.55bn, up from $1.91bn, or a 33.3% increase, with ad-supported revenue nearly $498m, a 15.6% increase. 

A key point is that paid subscriptions to streaming services – the model once decried as ‘unable to compete with free’ – are growing vigorously. Paid streaming subscribers at the end of the first half of 2018 totalled 46.3m, a 47.4% jump from the 31.5m subscribers counted at the mid-year point in 2017. In November 2002, when I profiled fledgling online music services, I jumped on something Matt Graves of Listen.com said: “Music doesn’t have to be free, but it should feel free. If you put it out there at an affordable price in a way that makes it fun to explore and learn more about music, people will pay.” 

It may have taken 15 years, but a new generation of music listeners now finds it completely normal to pay a small amount each month to access music. The new challenge is music discovery. According to figures from Nielsen, more than 70,000 different albums were released in the US by mid-year. Finding an audience amongst an extraordinary range of music choices is the new challenge.



Latest News & Blog articles

  • LA-based company Groovesetter has unveiled its real-time, multi-channel audio collaboration platform for streaming, performing and recording over high-speed internet. It claims to allow musicians to perform in synchrony, with Groovesetter subscribers able to connect cloud-free with the high sound quality from up to eight remote locations. Groovesetter lays out interactive visual routing of audio signal […]
  • Lawo, the German manufacturer of IP-based audio and video products, has a new software update for users of Lawo radio mixing consoles, Power Core mixing engines, and On-Air Designer configuration software. The new radio software, v6.6 PL-003, upgrades On-Air Designer – the configuration software used to customise the functions of Lawo’s radio mixing consoles and […]
  • German company ALC NetworX, developers of the open-source Ravenna AoIP networking technology platform, have launched an updated product-specific website to support the protocol. Sporting a new, more modern look and feel the site offers information and resources concerning all things that relate to Ravenna, including standards information, use cases, webinars and other resources. Ravenna is […]
  • The Zen Q Synergy Core is Antelope Audio’s new 14×10 desktop audio interface with Thunderbolt 3 connectivity. Combining Antelope’s own AD/DA, and 64-bit Acoustically Focused Clocking technology, it offers recording, mixing, and playback at up to 24-bit/192kHz. The new unit – which serves as a more powerful version of the company’s Zen Go USB-C bus-powered […]
  • As it warms up for its 25th Anniversary celebrations, German digital audio technology stalwart RME has announced the Fireface UCX II, an update of its original UCX interface featuring 20+20 I/O channels in the same ½ rack-style unit, its SteadyClock FS clock and jitter reduction technology, 2x mic/line combo inputs and built-in parametric EQ. The […]
  • In the tracks of its UF8 DAW controller, SSL has launched a new, software-specific control surface for its channel strip and bus compressor plug-ins.  With the UF8 now established as its main DAW control option, SSL is expanding its line of controllers with the UC1 – which brings the familiar layout and ergonomics of its […]
  • FAMA, a boutique record label with an emphasis on artist development, has built a destination recording complex in the Dominican Republic with the help of WSDG Latin. Available for creative retreats, song writing camps, and recording and mixing, the FAMA facility is “their dream studio”, delivered by WSDG Partner/Project Manager, Sergio Molho. “They found a […]
  • An interesting feature of Merging’s Anubis Ravenna interface, reviewed in Resolution V21.1, was the potential for it to completely change its functionality through the update of its ‘Missions’ – essentially its configuration and operation settings. The unit launched with one such Mission – monitor control – but now an update from the manufacturers is set […]
Translate »