2019 | Consumer Trends
2019 Mid-Year Music Industry Revenue Report | RIAA
In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time.
Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Streaming music accounted for 80% of industry revenues. At wholesale value, revenues rose 16% to $3.5 billion.
Also, here is a blog post on the report from RIAA Chairman & CEO Mitch Glazier.