Streaming Now Accounts for 75% of Recorded Music Revenue

The Recording Industry Association of America released a report that details the 2018 growth for the music industry. Whilst it’s not surprising, it turns out streaming makes more money than physical CDs, digital downloads, and licensing deals combined.

Streaming includes all the streaming sites you know such as Spotify and Apple Music, it also includes factors such as radio broadcasts and video streaming services such as VEVO. The ‘streaming‘ category of recorded music has collected $3.4 billion dollars in 2018 so far, a total that amounts to 75 percent of overall revenue for the record industry.

Figure 2 displays the breakdown of streaming methods for the first half of the past 4 years. Whilst radio services has remained pretty consistent. Streaming revenue from both ads and subscription based services has increased dramatically. Just by viewing this chart, you can observe the obvious uptrend in streaming as the main method of music consumption. Streaming will continue growing until the next innovation is born.


instagram Block
This is an example. To display your Instagram posts, double-click here to add an account or select an existing connected account.

Learn more




Techno Producer i_o Has Died At 30

i_o, otherwise known as Garrett Falls Lockhart unfortunately passed away yesterday. The talented techno producer brought joy to...

Related Stories

Tomorrowland Reveal Lineup For Forthcoming Online Festival

After cancelling their 2020 iteration of Tomorrowland, they announced an online equivalent, happening in lieu of the physical festival. Today the lineup...

Facebook Sees 100% Increase In Calls & Videos Amid Lockdown, Introduces Desktop Messenger To Take On Zoom & Houseparty

Since the outbreak of COVID19, the social media platform Facebook has reported it has seen a 100% increase in the use of...

The Chainsmokers Set to Release ‘World War Joy’ Album Next Week

The Chainsmokers took the stage at The Forum in Los Angeles for their hometown show and to the crowd's surprise; brought...