The following is the In the first half of 2021, the revenue of American music industry was USD 7.1 billion, with a year-on-year increase of 27% From IRELAND recommended by recordtrend.com. And this article belongs to the classification: Online music, Wireless music.
Recently, the American Recording Industry Association (RIAA) released the mid-2021 U.S. music industry report. The report shows that the recorded music market in the United States has witnessed rapid development in the first six months of 2021, with total revenue reaching US $7.1 billion in the first half of 2021, an increase of 27% compared with the same period last year.
The growth of the recorded music market in the first half of 2021 was mainly driven by music streaming, including paid subscription services, advertising support services, digital and customized broadcasting, and licensing of Facebook music and digital fitness applications. Among them, the revenue of music streaming media increased by 26% to US $5.9 billion, accounting for 84% of the total revenue of the US music industry, roughly the same as that of the same period last year. It is still streaming media, and music is still the largest cash cow in the music industry.
△ revenue share of American music industry in the first half of 2021 (source: RIAA)
In the streaming media segment, paid subscriptions continued the strong growth trend for many years, with a year-on-year increase of 26% in the first half of 2021, generating a revenue of $4.6 billion. The revenue generated by paid subscription not only accounts for 78% of streaming media, but also accounts for nearly two-thirds of the total revenue. Total revenue from paid subscriptions has increased by 40% since the same period in 2019.
In terms of subscriptions, the number of paid subscriptions increased by 26% year-on-year in the first half of 2021, exceeding 80 million for the first time, reaching a record of 82 million, a year-on-year increase of 13%.
△ us physical music revenue trend
Digital download used to be a major revenue channel, but this year, the revenue of digital download decreased by 6%, and the revenue was only US $319 million, accounting for 5% of the total revenue. The revenue of digitally downloaded songs and albums decreased by 12% and 4% respectively over the same period of the previous year.
It is worth mentioning that vinyl records continued to recover significantly in the first half of 2021, with revenue increasing by 94% to US $467 million, accounting for more than 2 / 3 of the total revenue of physical music. Of course, considering the significant impact of the epidemic on physical music sales last year, the revenue growth in this category is also expected.
In addition, so far this year, CD sales have increased by 44% to US $205 million, accounting for 30% of entity revenue, but this amount is 19% lower than that in the same period in 2019.
From: Music finance read more: RIAA: the global music industry reported two consecutive years of double-digit growth in streaming media business in 2017 RIAA: the U.S. music industry business grew to $7.7 billion in 2016, with a year-on-year increase of 11% RIAA: streaming media accounted for 75% of the total music revenue in 2018 RIAA: the revenue of streaming media music increased by nearly 20% in 2019 RIAA: the music industry reported the profit of the U.S. music industry in the middle of 2014 Reduce 5% Anxin media: in depth report on development opportunities of music industry 2015 music industry development report (general report) Voice Promotion Council: 2017 China music industry development report digital music news: 30 seconds to read the 30-year change history of the music industry pattern Nielsen Soundscan: 2014 Q1 American music industry data analysis predicts that the total market size of China’s music industry in 2014 is about 285.15 billion yuan, with a year-on-year increase of 4.73%. Tencent Research Institute: 2015 music industry development report (including the full version) Financial Times : the American music industry has lost its traditional strong position. Tencent Research Institute: 2015 music industry development report general report of 2015 Music Industry Development Report
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