Streaming services such as Apple Music help rebound in recorded music revenues

Streaming services such as Apple Music help rebound in recorded music revenues

In 2017 revenues from recorded music in the U.S. increased 16.5% at an estimated retail value to $8.7 billion, continuing the growth from the previous year. These increases came primarily from growth in paid music subscriptions to services like Apple Music, Spotify, Amazon, Tidal, Pandora and others, which grew by more than 50%, according to the Recording Industry Association of America (RIAA), the trade organization that supports and promotes the creative and financial vitality of the major music companies.

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Paid streaming music drives retail revenues from recorded music

Paid streaming music drives retail revenues from recorded music

Estimated retail revenues from recorded music in the U.S. grew 11.4% in 2016 to $7.7 billion in 2016, according to a report from the Recording Industry Association of America (RIAA). The primary driver of that growth was a doubling of paid streaming music subscriptions such as Apple Music, which helped the American music business experience its biggest gain since 1998. 

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Hi-Res Music initiative expands to include music streaming services

Hi-Res Music initiative expands to include music streaming services

Music streaming is officially going high resolution. The industry’s official logo mark for Hi-Res Music – previously applicable primarily to high-quality digital download services – will soon be available for adoption by music streaming services such as Apple Music as well, according to an announcement today from the Recording Industry Association of America (RIAA) and its member companies.

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