February 28, 2019 |News Articles
RIAA Releases 2018 Year-End Music Industry Revenue Report
Fueled by tremendous creative output by groundbreaking artists and now more than 50 million paid subscriptions, the U.S. music industry experienced its third year of consecutive growth in 2018 with retail revenues up 12% to $9.8 billion. Streaming now comprises 75% of total industry revenues. Vinyl continues to be a bright spot for the physical market, up 8% to $419 million, the highest revenue level since 1988.
More on the 2018 numbers from RIAA Chairman & CEO Mitch Glazier here.
View the full report here.