Music industry’s revenue surges in first half of 2019, thanks to streaming boom

[steven36]

Ariana Grande leads album sales, Drake tops most-streamed

 

Image: Ariana Grande was the top-selling artist in the first half of the year, according to Nielsen Music.

 

Revenue from recorded music in the U.S. rose 18% to $5.4 billion in the first half of the year, driven by growth in subscriptions to streaming services like the ones offered by Spotify Technology SA , Apple Inc. and Amazon.com Inc.

 

Such paid streaming services added more than 1 million new subscriptions a month in the period, according to a report from the Recording Industry Association of America, a trade group for recorded-music companies, and subscribers totaled 61.1 million by the end of the first six months of 2019.

 

In 2018, the music business experienced its third consecutive year of growth in revenue from recorded music in the U.S., as streaming continued to power the industry’s recovery after years of declines.

Pop singer Ariana Grande was the top-selling artist in the first half of the year, according to Nielsen Music, with 285,000 albums sold and 2.59 billion on-demand audio streams. Hip-hop artists, however, have fared particularly well in the streaming era, with rappers securing seven of the 10 top-streaming slots. Drake, the No. 2 selling artist overall, led the way in streaming with 2.66 billion on-demand audio streams.

 

Revenue from music streaming in the U.S., including paid subscriptions and ad-supported options, increased 26% to $4.3 billion in the period, representing 80% of the industry’s total revenue. Paid subscriptions surged 31% to $3.3 billion, accounting for 62% of total industry revenue.

 

Such paid streaming services added more than 1 million new subscriptions a month in the period, according to a report from the Recording Industry Association of America, a trade group for recorded-music companies, and subscribers totaled 61.1 million by the end of the first six months of 2019.

 

In 2018, the music business experienced its third consecutive year of growth in revenue from recorded music in the U.S., as streaming continued to power the industry’s recovery after years of declines.

Pop singer Ariana Grande was the top-selling artist in the first half of the year, according to Nielsen Music, with 285,000 albums sold and 2.59 billion on-demand audio streams. Hip-hop artists, however, have fared particularly well in the streaming era, with rappers securing seven of the 10 top-streaming slots. Drake, the No. 2 selling artist overall, led the way in streaming with 2.66 billion on-demand audio streams.

 

Revenue from music streaming in the U.S., including paid subscriptions and ad-supported options, increased 26% to $4.3 billion in the period, representing 80% of the industry’s total revenue. Paid subscriptions surged 31% to $3.3 billion, accounting for 62% of total industry revenue.

 

Source

[Infinite_Vision]

I see many of my friends are subscribers to these services.  I think ,if you provide people with a good alternative in term of technology and good pricing, sales could go all the way up.  These days, you'll see all kind of stuff in MV: MV on the port, people dancing with boots on the ground , cars and helicopters, ads for airways, and even Vodka placement that the Royal and Elite might like.   Thanks my friend SB2 for sharing the info with me.  But for me, I got plenty of old music to keep me going.  These new school are too commericalize for me.  The more you know, the more you learn.   

 

Though, I do like a few new ones. I.E.

 

I hear the battle cry
Under the devil's sky
The one winged angel screams
It fuels my hopes and dreams

 

Are you ready to go?
Are you ready for this?
I hear the battle cry
Under the devil's sky
The one winged angel flies
Hopes and dreams will never dies

 

This one is just inspired by Fozzy-Judas

Even if you're cold like December snow
We will never embrace the darkness 
But we will always shine our lights
We're more than New England 
And as Patriot we will always fight. 
Defanged Scaramucus Often Firus nothing left to bite
13 families dark to light 
Uncover Sater on the famous flight