Music streaming revenue has increased astronomically in the last ten years alone – growing from 1.9 billion U.S. dollars in 2014 to 14,4 billion in 2023. Streaming has become a popular pastime for U.S. music fans and a major source of revenue for the industry, though many traditional consumers lament the resulting decline of physical music formats. Physical CD shipments have dwindled, whilst digital music platforms are flourishing.
Whilst many artists in the music industry generate most of their income from touring, streaming is also incredibly lucrative, generating millions of dollars in earnings.
Revenue from music streaming in the United States from 2010 to 2023
(in billion U.S. dollars)
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RIAA. (March 26, 2024). Revenue from music streaming in the United States from 2010 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/statistics/437717/music-streaming-revenue-usa/
RIAA. "Revenue from music streaming in the United States from 2010 to 2023 (in billion U.S. dollars)." Chart. March 26, 2024. Statista. Accessed December 05, 2024. https://www.statista.com/statistics/437717/music-streaming-revenue-usa/
RIAA. (2024). Revenue from music streaming in the United States from 2010 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/statistics/437717/music-streaming-revenue-usa/
RIAA. "Revenue from Music Streaming in The United States from 2010 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Mar 2024, https://www.statista.com/statistics/437717/music-streaming-revenue-usa/
RIAA, Revenue from music streaming in the United States from 2010 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/437717/music-streaming-revenue-usa/ (last visited December 05, 2024)
Revenue from music streaming in the United States from 2010 to 2023 (in billion U.S. dollars) [Graph], RIAA, March 26, 2024. [Online]. Available: https://www.statista.com/statistics/437717/music-streaming-revenue-usa/