Home URBAN Music Revenue Stays Flat in 2013 While Music Streaming Increases

Music Revenue Stays Flat in 2013 While Music Streaming Increases

Screen Shot 2014-03-19 at 8.36.45 AMAccording to the RIAA, in 2013 US music revenue stayed flat at $7 billion which virtually matched 2012, 2011, and 2010. The last time the industry saw revenue over $8 billion was in 2008 when music revenue was at $8.8 billion for the year.

 

 

Screen Shot 2014-03-19 at 8.37.15 AMThe increase in digital sales was driven by streaming music services, which at $1.4 billion were up 39% versus 2012. This category includes revenues from subscription services (such as Rhapsody and paid versions of Spotify, among others), streaming radio service revenues that are distributed by SoundExchange (like Pandora, SiriusXM, and other Internet radio), and other non-subscription on-demand streaming services (such as YouTube, Vevo, and ad-supported Spotify).

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