In 2021, the subscription volume of paid music streaming media reached 84 million, with a year-on-year increase of 11% From American record industry association

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Paid music subscriptions continue to grow in the United States. According to the data recently released by the American Recording Industry Association (RIAA), the subscription volume of paid music streaming services in 2021 increased by 8.5 million over the previous year to 84 million, a year-on-year increase of more than 11%. The growth of paid streaming music subscriptions preceded the pandemic, but it was obviously boosted in the early stage of the pandemic, from 60.4 million in 2019 to 75.5 million in 2020. The number of paid music subscriptions in 2021 was 2.4 times that in 2017, when the number of subscriptions was 35.3 million.

Streaming media accounts for more than 80% of recorded music revenue

Last year, streaming media accounted for 83% of all recorded music revenue in the United States, roughly the same as the total revenue share in 2020. Entity (11%), digital download (4%) and synchronous royalty (2%) together constitute the remaining share of recorded music revenue.

It is worth noting that according to the RIAA survey, “streaming media includes a variety of formats, including paid subscriptions, ad supported music streaming services, digital and customized broadcasts, and music licenses on Facebook and digital fitness applications.” The report also includes tiktok music revenue in the United States for the first time.

All these streaming media resources generated a total revenue of US $12.4 billion last year, a year-on-year increase of 24%. Paid subscription revenue totaled $9.5 billion, a year-on-year increase of 23%.

At the same time, advertising supported services, such as the video industry, are growing rapidly. In fact, ad supported on-demand streaming media revenue grew 47% last year to $1.8 billion, significantly faster than the 18% growth in 2020.

Digital download revenue continues to decline

Last year, permanent digital download revenue fell again to $587 million, down 12% from $665 million in 2020. The decline rate of single sales (- 16%) is faster than that of album sales (- 12%), of which the sales revenue of digital album ($282 million) is slightly higher than that of single sales ($256 million). In 2021, digital downloads accounted for 4% of total recorded music revenue in the United States,.

2021 is the first time in 25 years that CD and vinyl record revenues have increased. Vinyl record revenue rose 61% to $1 billion, the first time in 35 years.

More reading: American record industry association: paid music streaming media subscriptions increased by 11% year-on-year in 2021 RIAA: in 2016, the U.S. music industry increased to $7.7 billion, with a year-on-year increase of 11% RIAA: in 2015, the U.S. streaming music revenue exceeded digital music RIAA for the first time: in the first half of 2015, the U.S. streaming music sales revenue exceeded $1 billion for the first time RIAA: in 2014, the U.S. record retail revenue was $6.97 billion, with a year-on-year decrease of 0.5% RIAA: 20 Streaming music revenue increased by nearly 20% in 19 years RIAA: music report in the first half of 2021 RIAA: in 2014, the overall revenue of the U.S. music industry reached $4.86 billion, up slightly by 2% RIAA: in 2013, streaming media accounted for one fifth of the revenue of U.S. records RIAA: in 2013, the revenue of U.S. online music services reached $1.4 billion, an increase of 39% over the same period. American record industry association: in 2019, the revenue of vinyl records exceeded that of cdriaa for the first time since 1986; in 2018, the sales channel of streaming media accounted for 40% 75% of the company’s revenue Nielsen: in the first half of 2014, the global album sales were 121 million, down 15% year-on-year. RIAA: in the first half of 2017, the number of paid music subscribers in the United States increased to 30.4 million. RIAA: in 2014, the music industry reported a 5% decline in the profits of the U.S. music industry

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