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September 14, 2020

Recorded-music revenues in the US grew 5.6% in first half of 2020

Revenues for recorded music in the U.S. increased 5.6% to $5.7 billion in the first half of 2020, TechCrunch reports. Streaming continued to drive the growth as the number of paid subscriptions increased by 24% to more than 72 million on average, growing subscription streaming revenues for first-half 2020 by 14%, over first-half 2019. Streaming music revenues grew 12% to $4.8 billion in the first half of 2020. Physical sales, including vinyl albums and compact discs fell 23%.