June 14, 2024

Recorded music grows 27% in the US and vinyl sales 94%

2 min read
Recorded music grows 27% in the US and vinyl sales 94%

Recorded music revenues in the United States increased by 27% in the first half of 2021 compared to 2020 RIAA Published by Variety. According to the publication, payroll subscriptions were the largest contributor to growth, accounting for nearly two-thirds of total revenue and first-time subscriptions of more than $ 80 million.

Revenue at retail increased from US $ 5.6 billion to US $ 7.1 billion (approximately R $ 37 billion). In total, revenues increased by 25%, from US $ 3.7 billion in the first half of 2020 to US $ 4.6 billion (R $ 24 billion) in the same period of 2021. According to a further release, the numbers after the year were diverted by the epidemic, which has had a devastating effect on the industry such as shop closures, tour delays and cancellations and other disruptions.

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Oh 84% of all revenue is streaming, An annual 26% increase of $ 5.9 billion, mainly due to new licensing agreements with such companies Facebook And digital fitness applications Bellaton.

Total streaming subscription revenue paid $ 4.6 billion – a further 26% increase – and liability 78% of total revenue. Subscriptions to music-on-demand services increased 13% in the United States to 82.1 million, from 72.6 million in the same period in 2020.

Limited subscription revenue rose to $ 452 million, which is 10% of streaming dollars Advertising-supported revenue rose -54% last year to $ 741 million. Digital and custom radios, including distributions Sound transmission, An increase of 3% to $ 585 million.

Photo: Reproduction / RIAA

Vinyl growth

According to the release, vinyl sales were up 94% to $ 467 million, although that number fluctuated sharply as the store closed during the epidemic, hitting the market hard. Record Store Day Since last year, traditionally the biggest sales day of the year.

Recipe CDs increased by 44%$ 205 million, but 19% less than the same period in 2019. CDs make up only 30% of physical revenue, Vinyl body form is more than 2/3 of revenue. The Digital download sales revenue continues to decline, 6% to $ 319 million, digital track sales revenue (12% down) and digital album sales revenue (down 4%).

In short, streaming includes 84% ​​revenue, physical sales 10%, digital download sales 5% and sync 2%.

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