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Music Industry: Difference between revisions
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* Overall streaming (including subscription and advertisingsupported), accounted for the highest proportion of the market, increasing to a 67.0% share of the overall market in 2022 up from a 65.5% share the prior year. | * Overall streaming (including subscription and advertisingsupported), accounted for the highest proportion of the market, increasing to a 67.0% share of the overall market in 2022 up from a 65.5% share the prior year. | ||
* 589M users of paid subscriptions accounts. | * 589M users of paid subscriptions accounts. | ||
=== RIAA Report === | |||
''US only'' | |||
==== MID 2023 ==== | |||
[[File:Screenshot 2024-01-23 131015.png|center|thumb|962x962px|https://www.riaa.com/wp-content/uploads/2023/09/RIAA-Mid-Year-2023-Revenue-Report.pdf]] | |||
In the first half of 2023, revenues from streaming services made up 84% of total recorded music revenues in the U.S., growing 10.3% to $7.0 billion. This includes formats such as paid subscription services, ad-supported services, digital and customized radio, and licenses for music on social media and digital fitness apps. It was the 4th year in a row that streaming made up between 83% and 84% of total revenues.<ref>https://www.riaa.com/wp-content/uploads/2023/09/RIAA-Mid-Year-2023-Revenue-Report.pdf</ref> | |||
The average number of subscriptions through the first six months of 2023 was 95.8 million, compared with 90.0 million for 1H 2022. These figures exclude limited tier services and count multi-user plans as a single subscription | |||
{| class="wikitable" | |||
!DIGITAL SUBSCRIPTION & STREAMING<ref>https://www.riaa.com/wp-content/uploads/2023/09/RIAA-Mid-Year-2023-Revenue-Report.pdf</ref> | |||
United States Estimated Retail Dollar Value (In Millions, net after returns) | |||
!1H 2022 | |||
!1H 2023 | |||
!% CHANGE 1H ‘22 to 1H ‘23 | |||
|- | |||
| rowspan="2" |Paid Subscription<sup>1</sup> | |||
|90.0 | |||
|95.8 | |||
|6.4% | |||
|- | |||
|$4,424.60 | |||
|$4,973.50 | |||
|12.4% | |||
|- | |||
|Limited Tier Paid Subscription<sup>2</sup> | |||
|$515.40 | |||
|$524.40 | |||
|1.8% | |||
|- | |||
|On-Demand Streaming (Ad-Supported)<sup>3</sup> | |||
|$865.00 | |||
|$870.10 | |||
|0.6% | |||
|- | |||
|SoundExchange Distributions<sup>4</sup> | |||
|$464.90 | |||
|$497.80 | |||
|7.1% | |||
|- | |||
|Other Ad-Supported Streaming<sup>5</sup> | |||
|$101.50 | |||
|$159.10 | |||
|56.8% | |||
|- | |||
|'''Total Streaming Revenues''' | |||
|'''$6,371.30''' | |||
|'''$7,024.90''' | |||
|'''10.3%''' | |||
|- | |||
! colspan="4" |DIGITAL PERMANENT DOWNLOAD | |||
|- | |||
| rowspan="2" |Download Single | |||
|91.6 | |||
|75.3 | |||
| -17.8% | |||
|- | |||
|$113.30 | |||
|$97.40 | |||
| -14.0% | |||
|- | |||
| rowspan="2" |Download Album | |||
|12.4 | |||
|10.5 | |||
| -14.7% | |||
|- | |||
|$121.50 | |||
|$107.30 | |||
| -11.7% | |||
|- | |||
| rowspan="2" |Ringtones & Ringbacks | |||
|2.5 | |||
|2.3 | |||
| -9.0% | |||
|- | |||
|$6.20 | |||
|$6.00 | |||
| -2.9% | |||
|- | |||
| rowspan="2" |Other Digital<sup>6</sup> | |||
|0.5 | |||
|0.5 | |||
| -7.7% | |||
|- | |||
|$14.50 | |||
|$14.00 | |||
| -3.3% | |||
|- | |||
|'''Total Digital Download Revenues''' | |||
|'''$255.50''' | |||
|'''$224.80''' | |||
|'''-12.0%''' | |||
|- | |||
| colspan="4" | | |||
|- | |||
|'''TOTAL DIGITAL VALUE''' | |||
|'''$6,626.80''' | |||
|'''$7,249.70''' | |||
|'''9.4%''' | |||
|- | |||
| colspan="4" | | |||
|- | |||
|'''Synchronization Royalties<sup>7</sup>''' | |||
|'''$178.00''' | |||
|'''$222.70''' | |||
|'''25.1%''' | |||
|} | |||
{| class="wikitable" | |||
! colspan="4" |PHYSICAL | |||
|- | |||
| rowspan="2" |CD | |||
|18.3 | |||
|15.1 | |||
| -17.2% | |||
|- | |||
|$206.40 | |||
|$236.00 | |||
|14.3% | |||
|- | |||
| rowspan="2" |LP/EP | |||
|23.8 | |||
|23.4 | |||
| -1.8% | |||
|- | |||
|$624.20 | |||
|$632.40 | |||
|1.3% | |||
|- | |||
| rowspan="2" |Music Video | |||
|0.3 | |||
|0.3 | |||
| -11.7% | |||
|- | |||
|$5.20 | |||
|$5.50 | |||
|6.3% | |||
|- | |||
| rowspan="2" |Other Physical | |||
|0.2 | |||
|0.5 | |||
|116.5% | |||
|- | |||
|$4.00 | |||
|$7.90 | |||
|96.7% | |||
|- | |||
|'''Total Physical Units''' | |||
|'''42.6''' | |||
|'''39.3''' | |||
|'''-7.8%''' | |||
|- | |||
|'''Total Physical Value''' | |||
|'''$839.80''' | |||
|'''$881.80''' | |||
|'''5.0%''' | |||
|- | |||
! colspan="4" |TOTAL DIGITAL AND PHYSICAL | |||
|- | |||
|'''Total Units<sup>9</sup>''' | |||
|'''149.5''' | |||
|'''127.8''' | |||
|'''-14.5%''' | |||
|- | |||
|'''Total Value''' | |||
|'''$7,644.70''' | |||
|'''$8,354.20''' | |||
|'''9.3%''' | |||
|- | |||
!% of Shipments | |||
!1H 2022 | |||
!1H 2023 | |||
| rowspan="3" | | |||
|- | |||
|Physical | |||
|11% | |||
|11% | |||
|- | |||
|Digital | |||
|89% | |||
|89% | |||
|} | |||
=== <big>Luminate Report</big> === | === <big>Luminate Report</big> === | ||