Online music

In the first half of 2021, the revenue of music in the United States was US $7.1 billion, a year-on-year increase of 27% From IRELAND

The following is the In the first half of 2021, the revenue of music in the United States was US $7.1 billion, a year-on-year increase of 27% From IRELAND recommended by recordtrend.com. And this article belongs to the classification: Online music.

The American record industry association (RIAA) recently released a mid-2021 report. In the first half of this year, the revenue of American record music was US $7.1 billion (calculated by retail price), an increase of 27% compared with the same period last year (US $5.6 billion). Streaming music is still the largest cash cow in the music industry, accounting for 84% of the total revenue of the U.S. music industry in the first half of 2021.

In the streaming media subset, paid subscriptions take the lead with great advantages. In the first half of the year, paid subscriptions generated $4.6 billion in revenue. This is almost two-thirds of the total music revenue, an increase of 26% year-on-year. The number of subscriptions is also increasing, reaching a record 82 million in the first half of the year. An increase of 13% compared with 73 million subscriptions in the first half of 2020.

Digital download used to be a major revenue channel, but this year’s revenue is only $319 million, accounting for 5% of the total revenue. Physical music sales continue to be impressive, especially vinyl records. In the first half of 2021, the revenue of vinyl records increased by 94% to $467 million. Of course, considering the significant impact of covid-19 epidemic on physical music sales last year, the comparison of this category is a little unfair.

So far this year, CD sales have increased by 44%, but still 19% lower than 2019 before the pandemic.

Read more from cnBeta: RIAA: in the middle of 2014, the music industry reported that the profit of the U.S. music industry decreased by 5%. RIAA: in 2019, the revenue of streaming media services in the U.S. music industry accounted for 79%. RIAA: in 2016, the revenue of the U.S. music industry increased to $7.7 billion, an increase of 11% year-on-year. RIAA: in the first half of 2019, the revenue of streaming media music increased by 26% RIAA: in 2013, the revenue of U.S. online music services reached $1.4 billion Win: in 2016, independent brands in the global music industry generated a total revenue of US $6 billion, a year-on-year increase of 6.9% RIAA: in 2014, the overall revenue of the US music industry reached US $4.86 billion, a slight increase of 2% RIAA: in 2018, streaming media sales channels accounted for 75% of the revenue of record companies. Digital music news: 30 seconds to see the 30-year change history of the music industry pattern RIAA: paid music in the United States in the first half of 2017 The number of subscribers increased to 30.4 million. RIAA: in 2017, the retail revenue of music in the United States increased by 16.5%. RIAA: in 2018, streaming media accounted for 75% of the total music revenue. RIAA: in 2019, the revenue of streaming media music increased by nearly 20%. RIAA: in 2015, the revenue of streaming media music in the United States exceeded that of digital music for the first time. RIAA: in the first half of 2015, the sales revenue of streaming media music in the United States exceeded $1 billion for the first time

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