Music industry retail revenue (YoY growth) according to the RIAA:
1) 2010 – $7.0B (↓ 10%)
2) 2011 – $7.1B (↑ 1%)
3) 2012 – $7.0B (↓ 1%)
4) 2013 – $7.0B (↑ 0%)
5) 2014 – $6.7B (↓ 4%)
6) 2015 – $6.7B (↑ 0%)
7) 2016 – $7.6B (↑ 13%)
8) 2017 – $8.8B (↑ 16%)
9) 2018 – $9.8B (↑ 11%)
10) 2019 – $11.1B (↑ 13%)
Fun: The same view broken down by format via Statista.
Source of music industry retail revenue (YoY growth):
1) Streaming – 80%
2) Physical – 10%
3) Digital downloads – 8%
4) Synch – 2%
Streaming revenue for the music industry (YoY growth):
1) 2016 – $4.0B
2) 2017 – $5.7B (↑ 43%)
3) 2018 – $7.4B (↑ 30%)
4) 2019 – $8.8B (↑ 19%)
Streaming subscribers for the music industry (YoY growth):
1) 2015 – 11M
2) 2016 – 23M (↑ 110%)
3) 2017 – 35M (↑ 56%)
4) 2018 – 47M (↑ 33%)
5) 2019 – 60M (↑ 29%)
Quick math on music streaming:
1) 1.5T songs streamed in 2019
2) $8.8B in streaming revenue
3) $0.006 per stream
4) 60M streaming subscribers
5) $5.9B in streaming subscription revenue
6) $98.25/subscriber/year
7) $8.19/subscriber/month
More #1: Jimmy Iovine Knows Music and Tech. Here’s Why He’s Worried.
