3 % rise in revenues such as flowing submarines, vinyl grows

PMusic revenues in the United States achieved record revenues of $ 17.7 billion in 2024, which represents a modest increase of 3 % from 2023, but it was crowned the ninth year in a row from the upwards of the American company, according to RIAA. Like a broken record, this growth was mainly driven by the flow and permanent popularity of vinyl.

The total total revenue in the music industry by 3 % in 2024 is a decrease from an increase of 7.7 % that was seen in 2023.

The broadcast continued to control the music industry, representing 84 % of the total revenue for the third year in a row. Broadcast revenues grew by 4 % to $ 14.9 billion, with the main contributing contributions, increasing by 5 % to $ 11.7 billion, which alone constitute 79 % of broadcast revenues and nearly two -thirds of all registered music revenues.

For the first time, the number of paid subscriptions exceeded 100 million, an increase of 3 % over the previous year balance of 97 million.

However, the limited subscription revenues-which include services such as Amazon Prime, Pandora Plus, physical flow services and other paid submarines that do not provide complete catalogs on request-by 2 % to one billion dollars. It improves more than 2023, when this decrease was 4 %.

Reverse last year, the advertising flow saw a slight decrease. Revenue has decreased from advertising -backed music services such as YouTube and free Spotify by 2 % to $ 1.8 billion. (Last year it was 2 % but in black.) Digital and customized radio services, including Siriusxm, have grown by 3 % to $ 1.4 billion. SoundExchang distributions, which deal with artists and copyrights’ payments, increased by 5 % to $ 1.1 billion, while other advertising -backed broadcast revenues decreased by 4 % to $ 306 million.

Most physical music formats have seen continuous emission, as total revenue increased by 5 % to two billion dollars. Vinyl was a prominent performance again, as it grows by 7 % to $ 1.4 billion, representing its eighteenth year in a row of growth. Vinyl albums outperformed the CDs, with 44 million units compared to 33 million compressed tablets. A year ago, these numbers were 43.2 million and 37 million, which means that the gap between the physical cousins ​​is growing. Despite these trends, CD revenues still grew by 1 % to $ 541 million compared to $ 537.1 million.

Digital downloads continued a dirty cycle, decreasing by 18 % to $ 336 million, compared to $ 434.1 million in 2023. This category now represents only 2 % of the total music industry revenues, a significant decrease in its peak for 2012 when it represents 43 % of the market. Both downloads of the individual track and the album witnessed two percentage declines.

The total percentage between digital and material revenues – 88 % to 12 % – has remained fixed since 2018, with only simple fluctuations of 1 % in either directions over the years. At the wholesale level, the total revenue increased by 2.7 %, increasing to $ 11.3 billion from 11 billion dollars last year, representing the third year in a row, and this scale exceeded $ 10 billion.

The organization noted that this represents the first year of direct reports of independent stickers, including SYNC’s revenues from Indie sources.

Chairman of the Board and CEO of Riaa Mitch Glisia He highlighted the “historic teacher” of more than 100 million paid submarines leading two thirds of revenue, describing it as “an unusual achievement by an industry that successfully focused on its creative and commercial essence by defending services and new innovative options and experiences that add real value to the masses.”

Glazier added: “Music was not more dynamic, attractive, and related-transcends our headphones with cultural touches that lead the conversation such as unforgettable shows at the end of the first half, and historical TV moments or that you must imagine in order to obtain new opportunities to rid them to photograph flies.

The end of the year’s Raya through the numbers: