US music trade association the RIAA has published midyear retail sales figures for recorded-music that illustrate how the spread of COVID-19 in the country has impacted on the performance of the different formats and revenue streams.
- US trade group the RIAA has reported a positive half year performance for retail sales of recorded-music despite the impact of the COVID-19 pandemic.
Features and Benefits
- The research note details the sales figures for recorded-music in the US between January and June, a period affected by the global COVOD-19 pandemic.
- With the exception of advertising revenue from statutory services not distributed by SoundExchange, all the different streaming subcategories registered growth in the first half of the year.
Key questions answered
- Which of the different recorded-music revenue streams registered the biggest rise in the six-month period?
- Which formats have suffered the biggest decline in sales so far this year?
Table of contents
Growth continues for US recorded-music sales
Figure 1: US recorded-music trade and retail revenue, Jan-Jun
Figure 2: US, unit shipments and retail sales value, Jan-Jun
The pandemic boost to paid subscriptions
Figure 3: US, recorded-music retail sales by source share, Jan-Jun
Figure 4: US, music streaming revenue by source share, Jan-Jun
Figure 5: US, average and year-end paid music subscriptions, Jan-Jun
Vinyl assumes physical album dominance
Figure 6: US, physical recorded-music retail sales by source share, Jan-Jun