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Introduction

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.

Highlights

  • 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

Omdia view

  • Summary
  • 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

Appendix

  • Author