{"id":51877,"date":"2023-09-18T09:04:51","date_gmt":"2023-09-18T13:04:51","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2023\/09\/18\/a-strong-half-year-for-u-s-recorded-music-guest-column\/"},"modified":"2023-09-18T09:04:51","modified_gmt":"2023-09-18T13:04:51","slug":"a-strong-half-year-for-u-s-recorded-music-guest-column","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2023\/09\/18\/a-strong-half-year-for-u-s-recorded-music-guest-column\/","title":{"rendered":"A Strong Half-Year for U.S. Recorded Music (Guest\u00a0Column)"},"content":{"rendered":"

<\/p>\n

\n<\/p>\n
\n

\n\tToday we are releasing U.S. recorded music revenue data for the first half of 2023<\/a>, reflecting 9.3% growth over the first half of 2022 \u2014 the ninth straight year of positive growth.<\/p>\n

\n\tWith overall first-half revenues hitting an all-time high of $8.4 billion at retail value and paid streaming subscriptions nearing 96 million, this report makes clear the strength of American recorded music\u2019s fundamentals.<\/p>\n

\n
\n

\n

\t\t\t\t\tRelated\t\t<\/p>\n<\/h3><\/div>\n

\n

\t\t\t<\/p>\n

\n
\n
\n

\t\t\t\t\t\t\"Taylor<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n\t\t\t\t\t<\/div>\n
\n

\n

\t\t\t\t\tU.S. Recorded Music Revenues Hit All-Time High of $8.4B in First Half of 2023:\u00a0RIAA\t\t<\/p>\n<\/h3><\/div>\n

\t\t<\/a><\/p>\n<\/div><\/div>\n

\n\tFor example, this new data shows broad strength across formats \u2014 especially digital streaming, which now comprises some 84% of recorded music revenues and grew at a robust 10.3% rate this period. Looking solely at paid streaming subscriptions, that figure climbs to 11%.<\/p>\n

\n\tIn fact, paid subscription services were responsible for nearly two-thirds of total revenues and more than three-quarters of streaming revenues. And they continued to grow at an even faster rate than ad-supported revenues.<\/p>\n

\n\tBut it\u2019s not only streaming; the new data also show the lasting power of physical formats \u2014 which grew by 5% \u2014 including growth in the value of sales of CDs and vinyl. Overall, physical revenues reached their highest level since a full decade ago, topping $880 million so far this year.<\/p>\n

\n\tAnd digital and customized radio music revenues, which include SoundExchange distributions for revenues from services like SiriusXM and internet radio stations, grew 16% to $657 million for the period.<\/p>\n

\n\tAs we\u2019re fond of saying, \u201cMusic doesn\u2019t just happen.\u201d This success reflects the hard work, innovation, and creative genius of the artists, songwriters, labels, publishers, and services that make up the U.S. music community.\u00a0<\/p>\n

\n\tFinally, with annual Latin music revenues in the U.S. exceeding $1 billion for the first time in 2022 and the first half of 2023 showing continued growth faster than overall revenues, Latin music continues to shine \u2014 both economically and creatively. We look forward to releasing a full report on the Latin segment during Hispanic Heritage Month and as a capstone to our upcoming RIAA Honors Celebration of Latin music<\/a> where we will recognize legends Gloria and Emilio Estefan, superstar Sebasti\u00e1n Yatra and other Latin music trailblazers as well as the policymakers who protect it all.<\/p>\n

\n\tRIAA is proud to develop and release this transparent data which shows the continued power and vitality of U.S. recorded music.<\/p>\n

\n\tMitch Glazier is chairman\/CEO of the Recording Industry Association of America.<\/em><\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Today we are releasing U.S. recorded music revenue data for the first half of 2023, reflecting 9.3% growth over the first half of 2022 \u2014 the ninth straight year of positive growth. With overall first-half revenues hitting an all-time high of $8.4 billion at retail value and paid streaming subscriptions nearing 96 million, this report […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-51877","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/51877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=51877"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/51877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=51877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=51877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=51877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}