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Introduction

US trade group the RIAA has reported a third straight year of growth in trade and retail sales of recorded music.

Highlights

  • In a repeat of 2017, a big rise in streaming revenue was behind the sales growth, with access service revenue accounting for three-quarters of the recorded-music retail total.

Features and Benefits

  • Details the latest retail sales figures for US recorded-music sales, as published by the RIAA.
  • Assesses sales by source and evaluates how streaming now dominates record-company earnings.

Key questions answered

  • What share of recorded-music retail sales was generated last year by paid music subscriptions?
  • How many subscriptions did paid music services have at the end of last year?

Table of contents

Ovum view

  • Summary
  • Retail and trade gains for US recorded-music sales
  • Streaming dominates the revenue positives
  • Vinyl the exception in a bad year for buy-to-own formats

Appendix

  • Author