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US Recorded Music Revenues from Paid Subscriptions Exceeded $10BN


by Murray Stassen, Music Business Worldwide, 2023-03-09


That’s the headline stat from the Recording Industry Association of America’s (RIAA) 2022 Year End report, which, published today (March 9), shows that on a retail basis, recorded music revenues in the US, grew 6.1% YoY, the market’s seventh consecutive year of growth.


Streaming generated the lion’s share of that overall revenue tally.


Streaming grew 7.3% to a record high $13.3 billion in revenue and collectively accounts for 84% of total recorded music revenues in the US, up slightly from 83% in 2021.


On a wholesale basis – i.e. the money that makes its way back to record labels, distributors and ultimately artists – the US recorded music industry generated $10.3 billion in 2022.



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The RIAA notes that services like Amazon Prime, Pandora Plus, music licenses for streaming fitness services, and other subscriptions are included in this category.


More information in the original article on MusicBusinessWorldwide.com

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