Data on recorded music industry revenue in the United States from 2009 to 2024 shows steady growth from 2015 onwards. The revenue reached over ** billion U.S. dollars in 2024, up from the ***billion reported in the previous year. Music is the revenue driver of the audio market With music being part of everyday life as well as a popular form of entertainment, it has been the most popular audio format and is likely to remain the revenue driver of the industry. Global recorded music revenue alone generated a total of **** billion U.S. dollars in 2024. In the United States, recorded music industry revenue amounted to **** billion U.S. dollars in 2024, which is more than twice as much compared to 2009. Streaming is dominating music consumption Over the years, streaming has become increasingly popular, overtaking other forms of music consumption. Especially physical sales of music have experienced a sharp drop in numbers, only slightly recovering in recent years. Nonetheless, while streaming is by far the most popular way of consumption, the boom it has experienced over the last 10 years or so seems to be slowing down. In 2022, global music streaming revenue only grew by **** percent, which is a significant drop from the growth rate of **** percent in the year before. In 2024, the recorded growth dropped to *******************.

A recent study exploring the global music industry found that revenues from live music events grew by ** percent in 2023, reaching over ** billion U.S dollars that year. The market estimates are showing promising growth to pre-pandemic levels and revenue figures surpassing ** billion dollars by the end of 2030. Concerts amid COVID-19 The outbreak of the coronavirus (COVID-19) pandemic dealt a heavy blow to the live music sector as concert venues closed, tours were halted, and festivals rescheduled. But while some events were canceled or postponed indefinitely, others were merely moved online to let music lovers enjoy performances by their favorite artists in a socially distant manner. In Europe, for example, the share of festivalgoers who watched a live music stream during coronavirus lockdowns stood at ** percent, with a similar share of survey respondents stating they would happily pay to do so. Live stream concerts have become popular alternatives to in-person shows in recent years, and while some artists uploaded pre-recorded concert films to video streaming platforms, others took the virtual stage in gaming apps Fortnite or Roblox. Most successful live music tours The live music sector awoke from a deep slumber in 2021 as social distancing measures were loosened and travel bans lifted in many parts of the world. Two years later, looking at the top-grossing concert tours that year, Taylor Swift was taking over the concert market, with her tour's earnings reaching over *** billion U.S. dollars. Beyonce's tour ranked second that year, however, the grosses trailed behind at the level of *** billion dollars.

The statistic provides information on the music industry revenue in the United States from 2012 to 2015, as well as a forecast for 2016 to 2021. According to the source, the revenue will grow from ***** billion U.S. dollars in 2014 to ***** billion in 2021. In the first half of 2016, ** percent of the revenue in the music industry came from streaming and a further ** percent was derived from permanent downloads. Subscription and streaming digital music revenue in the United States was worth over **** billion U.S. dollars in 2016.

This table contains 76 series, with data for years 2005 - 2011 (not all combinations necessarily have data for all years), and was last released on 2015-08-12. This table contains data described by the following dimensions (Not all combinations are available): Geography (6 items: Canada; Ontario; Quebec; Atlantic provinces ...), North American Industry Classification System (NAICS) (4 items: Record production and integrated record production/distribution; Sound recording studios; Other sound recording industries; Music publishers ...), Summary statistics (4 items: Operating revenue; Operating expenses; Operating profit margin; Salaries; wages and benefits ...).

The summary statistics by North American Industry Classification System (NAICS) which include: operating revenue (dollars x 1,000,000), operating expenses (dollars x 1,000,000), salaries wages and benefits (dollars x 1,000,000), and operating profit margin (by percent), of record production and integrated record production/distribution (NAICS 512210 & 512220), music publishers (NAICS 512230), sound recording studios (NAICS 512240), and other sound recording industries (NAICS 512290), annual, for five years of data.

The operating expenses by North American Industry Classification System (NAICS) which include all members under industry expenditures, sound recording industries (NAICS 5122), annual (percent), for five years of data.

In 2024, the total revenue of the recorded music industry amounted to **** billion U.S. dollars. Global streaming revenues reached **** billion U.S. dollars in the same year. Overall, recorded music increased by nearly **** percent, representing a steady growth rate compared to the previous year. Music streaming – the motor of the industry Data on the revenue generated by the different segments of the music industry worldwide show that music streaming is responsible for by far the biggest share in the industry in recent years. The streaming revenue has been growing year by year since the late 2000s and early 2010s and overtook the revenue from physical sales as of 2017. With two thirds of the global music revenue in 2024 coming from streaming, it was undoubtedly the backbone of the industry. Smaller regional markets are catching up While the global music market rose by around five percent in 2024, this growth rate varied significantly when broken down regionally. Whereas growth in the biggest regional music markets, North America, Asia and Europe, remained in single digits, the music markets in Sub-Saharan Africa, Latin America, and the MENA region grew at a fairly high rate respectively.

The sales based on format of musical recordings for the record production and integrated record production and distribution industries, sound recording and music publishing (NAICS 512210 and 512220), for two years of data.

Korea Exports: CI: Music data was reported at 455,386.000 USD th in 2017. This records an increase from the previous number of 442,566.000 USD th for 2016. Korea Exports: CI: Music data is updated yearly, averaging 139,687.500 USD th from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 455,386.000 USD th in 2017 and a record low of 13,885.000 USD th in 2007. Korea Exports: CI: Music data remains active status in CEIC and is reported by Korea Creative Content Agency. The data is categorized under Global Database’s South Korea – Table KR.JA051: Trade Statistics: Contents Industry.

Employment statistics on the Global Music Production and Distribution industry in Global

Employment statistics on the Musical Groups & Artists industry in the US

Number of Businesses statistics on the Major Label Music Production industry in the US

Financial overview and grant giving statistics of Rockford Area Music Industry Inc.

Streaming accounted for 84 percent of the U.S. music industry's revenue in 2024, up from 65 percent in 2017 and marking an increase of nearly 20 percent in that period. During the same time period, the share of revenue generated by digital downloads decreased significantly.

Number of Businesses statistics on the Global Music Production and Distribution industry in Global

Financial overview and grant giving statistics of Georgia Music Industry Association Inc.

Employment statistics on the Independent Label Music Production industry in the US

Financial overview and grant giving statistics of Music & Entertainment Industry Educators Association (MEIEA)

Graph and download economic data for Producer Price Index by Industry: Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing: Reproduction of Video Recording Media (PCU33461433461423) from Dec 2003 to Jan 2019 about recording, video, software, PPI, industry, inflation, price index, indexes, price, and USA.

In 2018, preliminary estimates suggested that the total revenue of the global music industry amounted to ***** billion U.S. dollars, up from just under ** billion a year earlier. The figure is expected to consistently increase each year and surpass ** billion U.S. dollars in 2023.