Streaming subscriptions reached 90 million for the first time, while vinyl sales continued to balloon in the year’s first six months.
Marilla Sicilia/Archivio Marilla Sicilia/Mondadori Portfolio via GI
Continuing the trend from the past several years, subscriptions drove the increases, accounting for 78% of all music revenues and up 10% at retail value to $5.0 billion. That figure, the RIAA notes, includes $525 million from what it calls “limited tier” subscriptions — the likes of Amazon Prime and Pandora Plus, which limit some on-demand or catalog access, as well as fitness apps and other similar categories — accounting for 10% of those revenues, up slightly from the first half of last year.
Digital downloads, meanwhile, continued their downward slide, dropping 19.1% to just $256 million, or 3% of overall recorded-music revenues. Both digital track sales and digital download sales fell at a similar rate: the former down 19% to $113 million; the latter down 20% to $122 million, as the format continues to contract in the face of streaming dominance and vinyl’s now 20-year surge.
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