US recorded music revenues up 4% in first half of 2024
US recorded music revenues up 4% in first half of 2024 generating $8.4 Bn at estimated retail value according to the RIAA. The number of paid subscriptions grew to a record high of 99 million, with revenues up 4% to $5.7 Bn and accounted for 78% of the first half total. While paid subscriptions contributed nearly two-thirds of the added value in this period, vinyl shipments accelerated faster than any other major music format at 17%. […]