Registered music flow revenues grew by only 3.6 % on an annual basis in the United States in 2024 – they were withdrawn with a decrease in advertising payments

Tomorrow the official international trade numbers of the IFPI for the music registered in 2024 (March 19), and MBW hear rumors about positive news – including users around the world for musical services paid somewhere above 750 million.

Before that, however, a number that attracts attention comes to him Less reasons than the family.

According to new data issued by Raya today (March 18), the revenue of the music trade registered from broadcasting in the United States – the largest music market in the world – has grown – 3.6 % on an annual basis In 2024, even 14.88 billion US dollars.

Given that the United States’s inflation He sat all over 3 % In the 12th evaluation months of last year, industry monitors are unlikely to heat up white collars.

In addition, Spotify She has already raised her individual individual subscription price in the United States last summer to 11.99 dollars.

The performance of the total broadcasting revenue was withdrawn in 2024 by payments of advertising music services, including YouTube and Spotify ‘Freeemium’ layer.

Combating, these platforms witnessed the contribution of their revenues in the recorded music industry Decrease In the United States last year, below 1.8 % on an annual basis to $ 1.83 billion.

Meanwhile, subscription platforms contributed to “paid”-such as Spotify Premium, YouTube Music, Amazon Music Unlimited and Apple Music- 11.685 billion dollars To the owners of the registered music, even 4.6 % on an annual basis.

(Outside these unlimited unlimited socialist services, subscription products in Riaa Couns “Limited Tier” – including Amazon Prime and Pandora Plus – separately.)

The income of the music market registered in the United States – including broadcasting, material sales, downloads, advertising and synchronization – has grown only – 3.3 % on an annual basis In 2024, according to RIAA, the generation of a total 17.67 billion dollars.

This is a retail Estimation of revenues from Org trade, which means that they take into account what consumers Spent On sales of music and subscriptions.

In Glum News in particular for music refugees, Ray He says that on a wholesale The basis (i.e. the money that has already ended with artists, marks and distributors), the music industry registered in the United States only grew 2.7 % on an annual basis In 2024.

Remember: that 2.7 % Growth was actually minimum From inflation.

The total number of sentences created by artists, marks and distributors per year, says Riaa, Kan 11.3 billion dollars.

This was nearly +$ 300 million Against the equivalent sentence of 2023 (11.0 billion dollars).

In turn, the growth of wholesale revenues was worth $ 300 million Less than half volume From equivalent growth (+700 million dollarsIt was seen in the previous year.

Of all these middle news, this industry witnessed a prominent moment in 2024: the number of contributions paid for music services on demand in the United States 100 million For the first time in history.

However, according to the new Riaa report at the end of the year, the United States only saw 3.2 million The net additions to the music subscription accounts in 2024 for the previous year.

As you can see from the graph below, that +3.2 million years old A clear increase in 2024 compared to a +5.2 million years Safi height in 2023, +7.6 million In 2022, +8.5 million In 2021, and +15.1 million In 2020 – a fixed pattern of slowdown in the growth of subscriptions in the American market.

((these RIAA numbers are only for paid subscription accounts; It does not include “Limited”. It is considered multiple user subscriptions such as family plans as individual accounts.)

It is useful to look at this 100 million The joint stat in the context of a number estimated Families in the United States last year.

According to recent estimates, there was 133.8 million families In the United States at the end of 2024.

with 100 million Paid music subscriptions at the same time, the United States appears to pushing the saturation point to the saturation point of paid submarines.

The fact that the payment flow profit I grew faster than Quantity One of the subscriptions paid in 2024 means that the music subscriber (the average revenue for each user) has improved a little in Yoy on the market.

Meanwhile, the total physical music sales (on the basis of retail) has grown) 5 % on an annual basis to 2 billion dollars In 2024.

In revenues from vinyl records have grown 7 % on an annual basis to $ 1.4 billion, That noticed Raya is the eighteenth year in a row of growth for coordination. Vinyl records formed nearly three quarters of material revenue in the United States last year.

For the third year in a row, vinyl albums outperformed CDs in units (44 million compared to 33 million). Revenue grew from CDs 1 % on an annual basis to 541 million dollars In 2024.

“The music was never dynamic, attractive, and related-to communicate with our earphones through the cultural touches that lead the conversation such as the end of the end of the first-half-long period, or historical TV moments or movies and nature to be watched.”

Mitch Galazia, Raya

“After twenty years of broadcasting era, more than 100 million subscriptions are offered two -thirds of industry revenues, a historical teacher that works to distribute the music economy in America.

“The music was never dynamic, attractive, and related-to communicate with our earphones through the cultural touches that lead the conversation such as the end of the end-of-half-to-end shows, or historical TV moments or movies and vitality.

“American fans and artists with the artists who support him with a brighter future, as signs of recordings create new opportunities that enhance artists’ income and various revenue flows for the development of the pie for everyone with a stake in the music economy. “

Music works all over the world