Recorded Music Revenue Archives

US recorded music revenues up 9.3% in first half of 2023

20/09/2023

US recorded music revenues up 9.3% in first half of 2023 generating $8.4 Bn at estimated retail value according to the RIAA. The number of paid subscriptions grew to a record high of 96 million, with revenues up 11% to $5.5 Bn and comprising almost three quarters of the first half total. At wholesale value, revenues grew 8.3% to $5.3 Bn. Streaming Revenues from streaming services made up 84% of total recorded music revenues in the […]

UK recorded music revenues up 4.7% in 2022

10/03/2023

UK recorded music revenues up 4.7% in 2022 reaching £1.32 Bn according to a recent report by the BPI. This marked the sector’s eighth consecutive year of revenue growth, led by streaming. However, when adjusted for inflation, the figure falls hundreds of millions of pounds below the total reported in 2006. Growth in 2022 was again fuelled by climbing streaming revenues, which rose 6.3% year-on-year to £885 million and which now account for 67.2% of industry revenue – up from […]

Streaming in Austria up 22.5% in 2022

21/02/2023

Streaming in Austria up 22.5% in 2022 with a record 14.8 Bn songs streamed with sales reaching €143.8 million according to IFPI Austria. Total sales revenue for the year for all recorded music formats was up 13% on 2021 reaching €215.2. Vinyl sales continued to grow – up 4.3% year on year with a turnover of €10.6 million with CD and downloads continuing to decline with -17% and -18% respectively. Music fans in Austria spent […]

UK recorded music revenues up 12.8% in 2021

21/03/2022

UK recorded music revenues up 12.8% in 2021 reaching £1.262 Bn according to a recent report by the BPI. This marked the sector’s seventh consecutive year of revenue growth, led by streaming. However, when adjusted for inflation, revenue in 2021 was £368 million below the 2006 CPI-adjusted figure of £1.63 Bn, while using RPI the 2006 figure would have been £1.795 Bn – £534 million higher than the 2021 total. Revenue from streaming again fuelled much of […]