According to a study examining the share of weekly time spent with certain music sources, consumers in the United States spent approximately 36 percent of their time listening to audio on the radio in 2023, compared to just 39 percent of weekly time spent two years earlier. The last few years have been turbulent for the music industry as major shifts have taken place. Streaming has largely taken over from physical formats, and the total number of on-demand audio and video streams in the United States amounted to an enormous 1.15 trillion in 2019. Meanwhile, the retail value of physical CD shipments has fallen dramatically, and subscription audio streams account for the largest share of recorded music industry revenue worldwide.
Distribution of weekly time spent listening to audio content via selected sources in the United States in 2010, 2019, 2021, and 2023
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Radio Ink. (August 10, 2023). Distribution of weekly time spent listening to audio content via selected sources in the United States in 2010, 2019, 2021, and 2023 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/442468/share-time-spent-listening-music-selected-sources/
Radio Ink. "Distribution of weekly time spent listening to audio content via selected sources in the United States in 2010, 2019, 2021, and 2023." Chart. August 10, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/442468/share-time-spent-listening-music-selected-sources/
Radio Ink. (2023). Distribution of weekly time spent listening to audio content via selected sources in the United States in 2010, 2019, 2021, and 2023. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/442468/share-time-spent-listening-music-selected-sources/
Radio Ink. "Distribution of Weekly Time Spent Listening to Audio Content via Selected Sources in The United States in 2010, 2019, 2021, and 2023." Statista, Statista Inc., 10 Aug 2023, https://www.statista.com/statistics/442468/share-time-spent-listening-music-selected-sources/
Radio Ink, Distribution of weekly time spent listening to audio content via selected sources in the United States in 2010, 2019, 2021, and 2023 Statista, https://www.statista.com/statistics/442468/share-time-spent-listening-music-selected-sources/ (last visited October 31, 2024)
Distribution of weekly time spent listening to audio content via selected sources in the United States in 2010, 2019, 2021, and 2023 [Graph], Radio Ink, August 10, 2023. [Online]. Available: https://www.statista.com/statistics/442468/share-time-spent-listening-music-selected-sources/