Streaming accounted for 80% of recording revenues in the U.S. in 2019
Physical formats make up less than 10% of the revenue
Streaming accounted for 80% of recording revenues in the U.S. in 2019, the Recording Industry Association of America (RIAA) reports.
In a Tweet posted by the RIAA at the end of 2019, the assocation shared a detailed breakdown of the recording revenues at the start of the decade, and comparing them to figures collected at the end of last year.
In 2010, Synch accounted for 3% of the recording revenues in the U.S. - a figure which remained the same throughout the decade. Physical sales revenue dropped a whopping 43%, from 52% in 2010 to just 9% in 2019.
When it comes to streaming, however, from platforms such as Apple Music, Spotify and Tidal, the increase in revenue was astronomical - rising from just 7% in 2010, to 80% at the end of 2019. Digital downloads saw a huge decline, dropping 29% from 2010 to 2019.
Check out the tweet from the RIAA below.
A report recently released by the Entertainment Retailers Association (ERA) has found that sales from music streaming last year exceeded £1 billion in the UK for the first time.
Over the course of the decade, streaming has surpassed both digital downloads and physical products, now accounting for 80% of the market. #RIAAMusicData pic.twitter.com/q04FeQBT5a
— RIAA (@RIAA) December 30, 2019
