The Recording Industry Association of America (RIAA) said US music industry revenues lifted 18 percent year-on-year to USD 5.4 billion in the first half of the year, with streaming music accounting for 80 percent. Revenues from streaming music platforms including the premium subscription services of Spotify, Tidal, Apple Music and Amazon as well as on-demand streaming services including YouTube, Vevo and the ad-supported Spotify.
Ad supported on-demand revenues for music lifted 25 percent to USD 427 million but still only accounted for 10 percent overall streaming revenues. US digital and customised radio went up 5 percent to USD 552 million. Revenues from digital downloads fell again, by 8 percent to USD 462 million.
Meanwhile, revenues in physical products bucked the recent trend in unit sales and advanced 5 percent to USD 485 million, though mainly from less returns. Vinyl albums grew 13 percent to USD 224 million but still accounted for only 4 percent of total revenues.
