Music streaming revenue increased by 25 percent last year and now accounts for 61 percent of all the cash brought in from recorded music in the United States, according to a new annual study from the Recording Industry Association of America (via Variety).

amazonmusic
The RIAA study found that recorded music revenues hit a total of $11.1 billion in 2019, up from $9.8 billion the previous year. Of that, paid streaming music services like Apple Music and Spotify accounted for $6.8 billion in revenue during 2019.

That figure rises to $8.8 billion when including ad-supported streaming revenue, or nearly 80 percent of the overall cash made in the recorded music business last year.

The number of paid streaming subscriptions increased by 29 percent, with 60.4 million in 2019, compared to 46.9 million the previous year. That's over five-fold increase in music subscribers since 2015, when the total number of monthly subscribers was just 10.8 million.

Physical sales now account for just 10 percent of the marketplace, according to the RIAA, although the vinyl boom ensured that it wasn't the worst performer in recorded music revenue. Digital downloads have fared even worse, and adding up to just 8 percent of revenue. The RIAA says 2019 was the first year since 2006 that the money brought in from paid downloads was less than $1 billion.

‌Apple Music‌'s subscriber count last June was over 60 million, while Amazon Music recently claimed it has more than 55 million customers worldwide, although that figure includes a tally over several tiers, including Amazon Music for Prime subscribers and its free ad-supported plan. Spotify announced in September that it had 113 million paying customers.

Top Rated Comments

Rudy69 Avatar
32 months ago

This. I have Apple Music and google play music subscriptions but I still like having my whole music library of purchased songs downloaded to my iPhone. Streaming services are a convenience for me but I like to have something physical to fall back on.
dont they let you download them for offline listening? I know Spotify does
Score: 5 Votes (Like | Disagree)
mrat93 Avatar
32 months ago

Crap. I mean, they always say the iTunes story isn't going anywhere, so I'm not that worried, really. But I never want to have to rely on an internet connection for music (or most entertainment for that matter). I'll check back in another ten years.
Have you not checked in at any point the last 8 years?
Score: 2 Votes (Like | Disagree)
cgs1xx Avatar
32 months ago
I use Spotify because it’s a great music player, has equalizer etc but still buy my favourite tracks off iTunes. I have stopped buying physical albums though unless it’s one of my favourite artists. It still doesn’t make sense why streaming services pay less money even though the number of streams has gone up??
Score: 1 Votes (Like | Disagree)
cmaier Avatar
32 months ago

dont they let you download them for offline listening? I know Spotify does
Yes
Score: 1 Votes (Like | Disagree)
cylack Avatar
32 months ago
I have Apple music and its great that I can instantly add a song that I like to a playlist and I can listen to my entire music library through my Apple watch at the gym, but having to pay $120 a year for the rest of my life to have access to these songs bothers me.
Score: 1 Votes (Like | Disagree)

Popular Stories

iPhone 14 Dummies 1 Feature

Everything Rumored for Apple's September Event: iPhone 14, Apple Watch Pro and More

Friday August 12, 2022 2:34 pm PDT by
There's just about a month to go until Apple holds its annual September event focusing on new iPhone and Apple Watch models. We thought we'd take a quick look at everything that's rumored for Apple's September event to give MacRumors readers a rundown on what to expect when the first fall event rolls around. iPhone 14 The iPhone 14 can probably be described more as an "iPhone 13S" because...
airpods pro black background

AirPods Pro 2: Five New Features and Improvements to Expect

Sunday August 14, 2022 3:28 pm PDT by
Apple's second-generation AirPods Pro are finally nearing launch, with a release expected later this year. If you are considering upgrading to the new AirPods Pro once they are released, keep reading for a list of five new features to expect. In addition to all-new features, the second-generation AirPods Pro will likely adopt some features added to the standard AirPods last year. H2 Chip ...
z fold 4 1

Hands-On With Samsung's Latest Foldable Smartphones, the Galaxy Z Fold and Z Flip

Friday August 12, 2022 12:46 pm PDT by
Samsung this week launched its fourth-generation foldable devices, the $1,000 Galaxy Z Flip and the $1,800 Galaxy Z Fold. Though there's no sign of a comparable Apple foldable device on the horizon, rumors suggest prototypes are in the works, so we thought we'd take a look at Samsung's newest smartphones to see what Apple needs to measure up to when a foldable iPhone does come out. Subscribe ...
top stories 13aug2022

Top Stories: New Battery Percentage Icon in iOS 16, USB-C AirPods Rumor, and More

Saturday August 13, 2022 6:00 am PDT by
This week brought some shocking news for iOS 16 beta testers, with Apple bringing back the iPhone battery percentage to the status bar after a number of years. Other news and rumors this week included word that Apple has started recording portions of its media event planned for next month to introduce the iPhone 14 and Apple Watch Series 8, claims about iPhone 14 Pro pricing and Apple's...
iCloud General Feature

Apple Remains Silent About Plans to Detect Known CSAM Stored in iCloud Photos

Saturday August 13, 2022 1:52 pm PDT by
It has now been over a year since Apple announced plans for three new child safety features, including a system to detect known Child Sexual Abuse Material (CSAM) images stored in iCloud Photos, an option to blur sexually explicit photos in the Messages app, and child exploitation resources for Siri. The latter two features are now available, but Apple remains silent about its plans for the CSAM...
apple watch se

Apple Watch SE vs. Apple Watch Series 8: New Features to Expect If You've Waited to Upgrade

Monday August 15, 2022 2:44 am PDT by
The Apple Watch SE was announced in September 2020 and has been a popular Apple Watch model for customers looking for their first smartwatch or an affordable Apple Watch. Apple Watch SE customers may be wondering, however, what's in store for them with the upcoming Apple Watch Series 8 and what new features they can expect. Continue reading to find out. Apple Watch SE vs. Apple Watch Series ...