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Introduction

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

Highlights

  • According to the RIAA, spending on recorded music in the US increased 16.5% last year, to $8.7bn, from $7.5bn in 2016

Features and Benefits

  • Details the latest retail sales figures published by the RIAA.
  • Examines retail sales by format and evaluates the growth in streaming spending.

Key questions answered

  • What share of US recorded-music retail sales are generated by access services?
  • Apart from streaming, what other revenue source registered growth in the US last year?

Table of contents

Ovum view

  • Summary
  • All smiles for the US recorded-music sector
  • Streaming the dominant revenue source
  • Mixed year for buy-to-own formats

Appendix

  • Author