September 5, 2019 |CEO's Corner
RIAA Releases 2019 Mid-Year Music Industry Revenue Report
Total revenues grew 18% to $5.4 billion in the first half of 2019
Washington, D.C., September 5, 2019 – The Recording Industry Association of America (RIAA) today released a report that shows that 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.
See the full report here.
Here is a blog post on the report from RIAA Chairman & CEO Mitch Glazier on Medium.