Streaming music services like Apple Music, Spotify, Google Play Music, Pandora, and others are continuing to grow in popularity and in 2018, were responsible for 75 percent of total U.S. music industry revenues, according to a new year-end music industry report released today by the RIAA. [PDF]

Revenue from streaming platforms grew 30 percent year over year and hit $7.4 billion. Total music industry revenue for 2018 was at $9.8 billion, up from $8.8 billion in 2017 and $7.6 billion in 2016.

musicindustryrevenues
Digital downloads from storefronts like iTunes made up 11 percent of total revenue in 2018, and physical sales of records and CDs made up 12 percent. Digital downloads fell for the sixth consecutive year and were eclipsed by physical sales, which were also down, with the exception of vinyl record sales (up 8%).

Paid on-demand subscription services like ‌Apple Music‌ were responsible for much of the music industry's revenue growth, with ad-supported services and customized radio services making up a smaller portion of the growth.

musicindustrystreamingrevenues
Overall subscription revenues increased a total of 32 percent from 2017 to 2018, totaling $5.4 billion, thanks to 42 percent growth in the average number of paid subscriptions.

The RIAA does not break down revenue by subscription music service, but at last count, ‌Apple Music‌ had 50 million paying subscribers, while Spotify had 87 million.

Top Rated Comments

keysofanxiety Avatar
83 months ago
Oh wow. A decade ago this would have been unthinkable. Even 5 years ago.

Yes, we’ll inevitably have the comments about “I like to keep my music local”, and whilst I’m the same, these numbers don’t lie.

When I was younger, the only way to listen to an album at home was to buy it or to pirate it — and that’s if you had a modem connection which could download your 64kbps WMA, or if the Limewire share was the actual song.

Streaming is the currently the best of both those worlds, and whilst it’s not perfect, it’s a great choice to have.
Score: 13 Votes (Like | Disagree)
now i see it Avatar
83 months ago
Amazing. After 30 minutes nobody has thought up anything they can argue about related to this article.
I can always see it the other way...

That's $7.4 Billion thrown away by music consumers. In the past, we'd buy an LP or CD and own it forever. Over the years if we were enthusiasts, we'd have hundreds of "Albums" we owned forever.

Now with renting streaming music, after a year of listening to music, you own nothing. Zero. And after 5 years, spending all that money on monthly subscriptions, you'd still own nothing.
Renting music via streaming may be convenient and worthwhile in the short run, but in the long run it's definitely a loser. No wonder  is so excited about it.
Score: 11 Votes (Like | Disagree)
QuarterSwede Avatar
83 months ago
I’m blown away by 75% streaming. I never thought it would be that high. Holy smokes.
Score: 8 Votes (Like | Disagree)
iSayuSay Avatar
83 months ago
Pay per month, not per song. This is one of the most honest tagline from Apple.

Sure there’s certain pride for collecting physical music. At some point I did it myself. But I’ve been dissapointed way too many times. Bought a CD album only for 2 or 3 songs I like (the rest is filler garbage). There’s also dirty tricks like double dipping with enhanced, collector edition that comes much later with bonus exclusives I might love, so I'd have to buy the entire album, again? What a waste of money.

On the other side, you can also never purchase or own your internet, netflix, utilities or cable tv, you can only rent them each month. Doing the same for music isn’t exactly the end of the world. It is already a familiar concept.

I’d rather listen to millions songs I rent, instead of playing 1000 songs I purchased, over and over.

As a bonus, no more double dip duplicates or garbage fillers. Any collector edition albums will also be available to stream.
Score: 7 Votes (Like | Disagree)
smirking Avatar
83 months ago
Amazing. After 30 minutes nobody has thought up anything they can argue about related to this article.
Score: 7 Votes (Like | Disagree)
tothemoonsands Avatar
83 months ago
In 2019, I have begun a commitment to owning digital media. So far this has meant digitalizing all of my CD collection, and purchasing with iTunes. Apple Music, to me, is a way to get full song previews (and to be able to access albums that I would not otherwise buy). After realizing that the Disney vault still exists digitally (i.e. currently no Aladdin / Cinderella / etc. available), I have been swiftly beefing up my iTunes Movie / TV Show collections as well. Of course keeping local downloads for everything.

Streaming is great...until it isn't (price increases, increasingly fragmented libraries, availability changes frequently, quality control of titles, etc.)

My fear is that in the future rights holders will only offer via streaming - essentially eliminating any option to purchase/own outright.
Score: 7 Votes (Like | Disagree)

Popular Stories

iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro Coming Soon With These 14 New Features

Friday July 4, 2025 1:05 pm PDT by
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are just over two months away, and there are plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models. Latest Rumors These rumors surfaced in June and July:Apple logo repositioned: Apple's logo may have a lower position on the back of the iPhone 17 Pro models, compared to previous...
iphone 16 pro models 1

Here's How the iPhone 17 Pro Max Will Compare to the iPhone 17 Pro

Saturday July 5, 2025 1:00 pm PDT by
Apple should unveil the iPhone 17 series in September, and there might be one bigger difference between the Pro and Pro Max models this year. As always, the Pro Max model will be larger than the Pro model:iPhone 17 Pro: 6.3-inch display iPhone 17 Pro Max: 6.9-inch displayGiven the Pro Max is physically larger than the Pro, it has more internal space, allowing for a larger battery and...
iPhone Car Key Kia

Here's Which Vehicles Offer iPhone Car Keys

Sunday July 6, 2025 3:03 pm PDT by
In 2020, Apple added a digital car key feature to its Wallet app, allowing users to lock, unlock, and start a compatible vehicle with an iPhone or Apple Watch. The feature is currently offered by select automakers, including Audi, BMW, Hyundai, Kia, Genesis, Mercedes-Benz, Volvo, and a handful of others, and it is set to expand further. Apple has a web page with a list of vehicle models that ...
imac video apple feature

Apple Launching These 15+ Products Later This Year

Sunday July 6, 2025 8:05 am PDT by
The calendar has turned to July, meaning that 2025 is now more than half over. And while the summer months are often quiet for Apple, the company still has more than a dozen products coming later this year, according to rumors. Below, we have outlined at least 15 new Apple products that are expected to launch later this year, along with key rumored features for each. iPhone 17 Series iPho...
iOS 26 Feature

Everything New in iOS 26 Beta 3

Monday July 7, 2025 1:20 pm PDT by
Apple is continuing to refine and update iOS 26, and beta three features smaller changes than we saw in beta 2, plus further tweaks to the Liquid Glass design. Apple is gearing up for the next phase of beta testing, and the company has promised that a public beta is set to come out in July. Transparency In some apps like Apple Music, Podcasts, and the App Store, Apple has toned down the...
iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro to Reverse iPhone X Design Decision

Monday July 7, 2025 9:46 am PDT by
Since the iPhone X in 2017, all of Apple's highest-end iPhone models have featured either stainless steel or titanium frames, but it has now been rumored that this design decision will be coming to an end with the iPhone 17 Pro models later this year. In a post on Chinese social media platform Weibo today, the account Instant Digital said that the iPhone 17 Pro models will have an aluminum...
iphone 17 pro render majin bu

New iPhone 17 Pro Renders Highlight Apple Logo and MagSafe Design Changes

Sunday July 6, 2025 8:43 pm PDT by
New renders today provide the best look yet relocated Apple logo and redesigned MagSafe magnet array of the iPhone 17 Pro and iPhone 17 Pro Max. Image via Majin Bu. Several of the design changes coming to the iPhone 17 Pro model have been rumored for some time, such as the elongated camera bump that spans the full width of the device, with the LiDAR Scanner and flash moving to the right side. ...
Prime Day 25 Feature Warm Triad

The Best Early Prime Day Deals on Apple Products

Saturday July 5, 2025 7:22 am PDT by
Amazon is soon to be back with its annual summertime Prime Day event, lasting for four days from July 8-11, the longest Prime Day yet. As it does every year, Prime Day offers shoppers a huge selection of deals across Amazon's storefront, and there are already many deals you can get on sale ahead of the event. Note: MacRumors is an affiliate partner with Amazon. When you click a link and make a ...
airpods pro 2

AirPods Pro 3 to Help Maintain Apple's Place in Earbud Market Amid Increasing Low-Cost Competition

Thursday July 3, 2025 7:25 am PDT by
Apple's position as the dominant force in the global true wireless stereo (TWS) earbud market is expected to continue through 2025, according to Counterpoint Research. The forecast outlines a 3% year-over-year increase in global TWS unit shipments for 2025, signaling a transition from rapid growth to a more mature phase for the category. While Apple is set to remain the leading brand by...