Sounds industry revenues increased 37 percent in the first 1 / 2 2021, RIAA report confirms

In brief: It Industry Association of Us (RIAA) in its mid-year 2021 report found that recorded music revenues in the US became 27 percent in the starting half of this year compared to the relevant period a year ago, from $5. 6 billion to $7. 1 billion (at public sale value).

Streaming notes continues to be the biggest cash cow for the pieces industry, accounting for 84 percent of all US rock industry revenues in the principal half of 2021.

In the women subset, paid subscriptions gave the background by a huge margin. Inside a first half, paid subscribers generated $4. 6 million. That’s nearly two-thirds associated total music revenues, to represent an increase of 26 % year over year.

The number of subscriptions increased, additionally, reaching a record of 82 million in the half. Of represents growth of 13 for every cent compared to the 73 million subscriptions in the first half of 2020.

Digital downloads, once a very best revenue channel, accounted for precisely five percent of extensive revenues – or $319 million – in the transforms.

Physical music sales continuous, nonstop to impress, especially vinyl. Around the first half of 2021, income from vinyl albums improved upon 94 percent to $467 million. Of course , comparisons inside of this category are a bit unjust considering Covid-19 lockdowns had a major impact on physical rock sales last year.

Sales of CDs are up 44 zero per cent so far this year, but are but 19 percent lower than ingesting in 2019 before the pandemic.

Image credit Bryan Catota , Elviss Railijs Bitans

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