September 20, 2018 |News Articles
RIAA Releases 2018 Mid-Year Music Industry Revenue Report
Halfway through 2018, the United States music business “continues its comeback story, powered by great new music, talented artists and a re-invented record industry.” Overall market trends in the first half of 2018 continued to reflect the music industry’s rapid transition from unit based physical and digital sales towards streaming music sources. Total revenues from recorded music in the United States grew 10% to $4.6 billion at retail in 1H 2018. Streaming music accounted for ¾ of industry revenues. At wholesale value, revenues rose 10% to $ 3.1 billion.
Full report can be found here.