Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

2023 Recorded Music Sales Jump 8% To $17.1B Fueled By Streaming; Vinyl Up Again

rmtsa by rmtsa
March 27, 2024
in DramaAlert
0
2023 Recorded Music Sales Jump 8% To .1B Fueled By Streaming; Vinyl Up Again
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan

Lori Loughlin, Mossimo Giannulli separate after 27 years of marriage – National

Donald Trump Adviser Says ICE Agents Will Be At Super Bowl

Now hear this: Sales of recorded music in the U.S. grew for the eighth consecutive year in 2023, with streams accounting for a dominant 84% and vinyl up by double digits again, the RIAA said in its full-year report released Tuesday. The sector overall grew by 8% over 2022 to $17.1 billion.

Streaming continued to drive music sales last year, with paid subscriptions to on-demand services hitting an all-time high of 96.8 million. Revenues from paid subscriptions grew to $11.2 billion in 2023, accounting for 78% of streaming revenue and nearly two-thirds of total revenue, per the trade group’s report (read it here).

RELATED: Neil Young & Joni Mitchell End Spotify Boycott As Their Music Returns To Streaming Service

But fret not, old-school physical-media fans: LPS and CDs continued their remarkable comeback last year, with total revenue of $1.9 billion jumping 11% versus 2022. As more folks spin the black circle, vinyl posted a 17th consecutive year of growth and outsold compact discs in units for just the second time since 1987 — 43 million vs. 37 million. Revenue from records grew by 10% to $1.4 billion and accounted for 71% of the physical-format take.

Even CD revenue grew by 11% to $537 million in 2023.

“Recorded music keeps reaching new heights as labels’ ‘all of the above’ commitment to meet fans everywhere they want to be continued to pay off for the entire music community,” RIAA Chairman and CEO Mitch Glazier said. “For artists, songwriters and fans, this strong and sustained growth signals a time of incredible opportunity – with new formats, styles and sounds rising up across innovative platforms and emerging ways to listen. As new services continue to get fully licensed at rates reflecting music’s incredible value, revenue for artists and songwriters will only continue to grow.”



Source link

Tags: 17.1BFueledJumpmusicRecordedSalesStreamingVinyl
Share30Tweet19
rmtsa

rmtsa

Recommended For You

R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan

by rmtsa
October 3, 2025
0
R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan

EXCLUSIVE: Changes are coming for R&CPMK. Rumors started circulating a couple of weeks ago that the veteran PR agency, owned by Interpublic Group, will be dissolving. While that...

Read more

Lori Loughlin, Mossimo Giannulli separate after 27 years of marriage – National

by rmtsa
October 3, 2025
0
Lori Loughlin, Mossimo Giannulli separate after 27 years of marriage – National

Lori Loughlin and Mossimo Giannulli have separated after 27 years of marriage. The Full House actor, 61, and the fashion designer, 62, “are living apart and taking a break from...

Read more

Donald Trump Adviser Says ICE Agents Will Be At Super Bowl

by rmtsa
October 3, 2025
0
Donald Trump Adviser Says ICE Agents Will Be At Super Bowl

After hearing comments from Bad Bunny about wanting to protect his fans, a Donald Trump advisor wants people to know that nowhere in the United States is “safe”...

Read more

Diddy Writes Letter To Judge Before His Sentencing Tomorrow • Hollywood Unlocked

by rmtsa
October 3, 2025
0
Diddy Writes Letter To Judge Before His Sentencing Tomorrow • Hollywood Unlocked

Introduction: Diddy Writes Letter To Judge Before His Sentencing Tomorrow #Socialites, this one’s heavy. Music mogul Sean “Diddy” Combs is facing his day of reckoning tomorrow after being...

Read more

Diddy Apologizes For All The Hurt and Pain He’s Caused in Letter to Judge

by rmtsa
October 2, 2025
0
Diddy Apologizes For All The Hurt and Pain He’s Caused in Letter to Judge

Diddy Sorry For The Pain I Caused So Many ... Current Situation Is My Fault Published October 2, 2025 2:15 PM PDT Diddy is taking responsibility for his...

Read more
Next Post
Next Pirates of the Caribbean Film Will Be a Reboot

Next Pirates of the Caribbean Film Will Be a Reboot

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan
  • Our First Look At The Predator: Badlands Official Prequel
  • Cardi B Slams Nicki Minaj’s ‘Backhanded Apology’ To Daughter Kulture

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In