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U.S. Music Industry Posts Third Straight Year of Double-Digit Growth as Streaming Soars 30%

U.S. music industry revenue by year (YoY growth):
1)
2017 — $8.8B
2)
2018 — $9.8B (↑ 12%)

U.S. paid music subscriptions by year (YoY growth):
1) 2015–10.8M
2)
2016–22.6M (↑ 109%)
3) 2017–35.3M (↑ 56%)
4) 2018–50.2M (↑ 42%)

Streaming now accounts for 75% of total music revenue!

U.S. streaming music revenue by year (YoY growth):
1) 2015 — $2.3B
2)
2016 — $4.0B (↑ 74%)
3) 2017 — $5.7B (↑ 43%)
4) 2018 — $7.4B (↑ 30%)

Something fun: The economics of streaming is making songs shorter

More #1: Spotify Plans Enhanced Targeting For Advertisers

More #2: Spotify Is Pulling Away From Apple Music

More #3: Is Liberty Media About to Become the Most Powerful Company in Music?

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