Sep 14, 2021 11:23:00

It turns out that streaming services such as Apple Music and Spotify account for 66% of the music industry's revenue

In recent years,

music streaming services have grown tremendously, with Apple Music and Amazon Music HD supporting lossless audio at no additional cost. The Recording Industry Association of America (RIAA) 's first half of 2021 revenue report for the entire American music industry also reports that music streaming services account for the majority of the industry's revenue.

MID-YEAR 2021 RIAA REVENUE STATISTICS
(PDF file) https://www.riaa.com/wp-content/uploads/2021/09/Mid-Year-2021-RIAA-Music-Revenue-Report.pdf

Carrying on — Music at the Midpoint of 2021 | by RIAA | Sep, 2021 | Medium
https://riaa.medium.com/carrying-on-music-at-the-midpoint-of-2021-9156941b631c

According to the RIAA, the revenue of the entire American music industry in the first half of 2021 was 7.1 billion dollars (about 780 billion yen). Streaming accounted for 84% of the total, physical media such as CDs and records 10%, and download sales 5%.

Revenue from streaming in the first half of 2021 is 5.9 billion dollars (about 650 billion yen). Streaming includes paid subscription services such as Apple Music and Spotify, ad movie distribution such as YouTube, digital radio services, etc., and revenue from paid subscription services alone accounts for 78% of streaming service revenue, the United States It accounts for two-thirds (about 66%) of the total revenue of the music industry.

The graph below shows the number of subscription service subscribers for each year from the first half of 2017. The number of subscribers, which was 31.5 million in the first half of 2017, is increasing year by year, reaching 82.1 million in the first half of 2021.

Physical media revenue in the first half of 2021 was $ 690 million. Looking at the breakdown, we can see that both CD (orange) and record (yellow) revenues have increased compared to the first half of 2020, but records have increased significantly.

The transition of record revenue from the first half of 2017 to the first half of 2021 looks like this. It has increased year by year from 176 million dollars (about 19 billion yen) in the first half of 2017, and has increased explosively to 467 million dollars (about 51 billion yen) in the first half of 2021. Regarding the sharp increase in record revenue, the RIAA said, 'Music fans still value the record's unique value. Record labels have steadily offered options for music fans to meet that demand. I did. '

In the earnings report, the RIAA mentions that music is handled in various situations such as short movies, chat apps, and SNS, and is working to introduce a mechanism to return those earnings to artists. It states.