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US recorded music revenues hit $9.8 Bn in 2018

US recorded music revenues hit $9.8 Bn in 2018 up 12% on the previous year according to the RIAA, the US recorded music industry association. For the third year in a row growth was driven primarily by increased revenues from paid subscription services from Spotify, Apple Music, Tidal, Amazon and others, achieving more than 50 million subscriptions in the US. Revenue growth from streaming formats continued to be offset by decreases from both digital downloads […]