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State of the Screens

RIAA Releases 2019 Mid-Year Music Industry Revenue Report

By September 11, 2019No Comments

Mid-year revenue for the music industry according to the RIAA (YoY growth):
1) 
2017-1H – $4.2B
2) 
2018-1H – $4.6B (↑ 10%)
3) 2019-1H – $5.4B (↑ 17%)

Streaming now accounts for 80% of total music revenue!

Mid-year streaming revenue for the music industry (YoY growth):
1) 2016-1H – $1.7B
2) 
2017-1H – $2.7B (↑ 59%)
3) 2018-1H – $3.4B (↑ 26%)
4) 2019-1H – $4.3B (↑ 26%)

Mid-year streaming subscribers for the music industry (YoY growth):
1) 2016-1H – 20M
2) 
2017-1H – 32M (↑ 55%)
3) 2018-1H – 47M (↑ 49%)
4) 2019-1H – 61M (↑ 30%)

First-week album sales for Taylor Swift according to Nielsen:
1) 1989 (2014) – 1.3M
2) 
Reputation (2017) – 1.2M
3) 
Red (2012) – 1.2M
4) 
Speak Now (2010) – 1.1M
5) 
Lover (2019) – 679K
6) 
Fearless (2008) – 592K
7) 
Taylor Swift (2006) – 39K

More #1: Is TikTok a time bomb?

More #2: Taylor Swift Confirms Plans to Rerecord Her Early Songs Following Scooter Braun Deal

Michael Beach

Michael Beach

Michael Beach is the Chief Executive Officer of Cross Screen Media, a media analytics and software company that enables marketers to plan, activate, and measure CTV and linear TV at the local level. Michael is also the founder and editor of State of the Screens, a weekly newsletter focused on video advertising that is a must-read for thought leaders in the advertising industry. He has appeared in such publications as PBS Frontline, The Wall Street Journal, The New York Times, Axios, CNBC and Bloomberg, and on NPR’s Planet Money podcast.

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