Halfway through 2018, the United States music business “continues its comeback story, powered by great new music, talented artists and a re-invented record industry.”
Findings include the music industry’s rapid transition from unit-based physical and digital sales towards streaming music sources. Total revenues from recorded music in the United States grew 10 percent to $4.6 billion at retail in 1H 2018. Streaming music accounted for 75 percent of industry revenues. At wholesale value, revenues rose 10 percent to $3.1 billion.
The full report can be found at riaa.com.
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About the Author
Eric T. Parker oversees operations and contributes editorial for MusicRow's print magazine, MusicRow.com, the RowFax tip sheet and the MusicRow CountryBreakout chart. He also facilitates annual events for the enterprise, including MusicRow Awards, CountryBreakout Awards and the Rising Women on the Row. eparker@musicrow.com | @EricTParkerView Author Profile
