Recording Industry Association of America

Music industry revenues up in first half of 2017, but....

Music industry revenues up in first half of 2017, but....

Overall revenue in the music industry rose noticeably in the first half of this year, led by increasing numbers of people using music streaming services, according to figures released Wednesday by the industry’s lobbying arm, the Recording Industry Assn. of America.

The RIAA estimated retail revenue in the first six months of 2017 at $4 billion, up more than 17% over the same period last year, with money generated by streaming services accounting for 62% of that total.

Revenue from all forms of streaming – including paid subscriptions, ad-supported on-demand services and digital and customized radio streaming platforms — has steadily increased over the last three years, the...

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