The United States is still one nation under a groove.
The music sector registered in the country once again grew in 2024, an increase of more than $ 500 million from the previous year, driven by paid subscriptions of up to 100 million for the first time. RIAA also stated that the increase that lasted almost two decades in vinyl record sales continued as more buyers choose to rotate the black circle.
The commercial group noted that the retail music sector in the United States was $ 17.7 One billion for this year, compared to $ 17.1 billion in 2023. But the sales of the digital and physical unit of albums and individuals decreased by 13 % to 220.4 million.
The revenue report at the end of the year RIAA 2024 (read it here) found that the broadcast remained the largest driver, with $ 14.9 billion. Paid subscriptions, supported services, digital radio, allocated, social media platforms, digital fitness applications, and others combined, are 84 % of total revenues for the third year in a row. See the end of the year's plans at Raya below.
“After twenty years of broadcasting era, more than 100 million paid subscriptions are now offering two thirds of industry revenues, a historical teacher working on the technology of the American music economy,” RIA CEO Mitch Glasses said in a statement. “It is an unusual achievement by an industry successfully focused on its creative and commercial essence by defending new innovative services, options and experiences that add real value to the masses.”
Broadcasting also commemorates the permanent digital download sector that was once dominated, whose sales decreased by almost 15 % at 2023 levels.
It will not be scratched by the digital revolution, Vinyl eighteenth year in a row from growth, and recorded nearly three quarters of material coordination revenues at $ 1.4 billion-which is its highest level since 1984. LP sales excelled on CDs for the third year in a row, with 2024 sales of 44 million records compared to 33 million built-in cars.
“The fans continue to embrace the artist, Discovery, to explore new and unique sounds from familiar voices, and appreciate a set of platforms and formats, including Superfans for the love that has always had a special Superfans with Vinyl,” said Ria VP Research Matt Bass.
