The RIAA has released its 2013 Year End Shipment and Revenue Numbers report.
In 2013, strong growth in streaming revenues contributed to a US music industry that was stable overall at $7 billion for the fourth consecutive year. The report shows the continuing emergence of streaming music models as meaningful contributors to industry revenues.
According to the RIAA an increase in digital sales was driven by streaming music services, which at $1.4 billion were up 39 percent over 2012.
Paid subscription services grew the fastest of the digital formats, up 57 percent to $628 million in 2013. Growth came not just in dollars, but also in the number of subscribers.
Revenues from permanent digital downloads (including albums, single tracks, videos, and kiosk sales) declined 1.0 percent to $2.8 billion.
Shipments in physical formats continued to decline in 2013, overall down 12 percent in value from $2.8 billion in 2012 to $2.4 billion in 2013.
Click to download the full report.
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Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.View Author Profile
