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Streaming music accounted for 80 percent of industry revenues in the first half of 2019

By Shawn Knight · 10 replies
Sep 6, 2019
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  1. Speaking of, revenue from streaming music as a whole – which includes revenue from paid streaming services like Apple Music and Tidal, online radio providers like Pandora and SiriusXM and ad-supported, on-demand offerings from Spotify and YouTube – grew 26 percent to $4.3 billion in the half.

    Collectively, streaming music accounted for 80 percent of industry revenues in 1H 2019. Paid subscriptions exceeded 60 million for the first time, we're told.

    Revenue gains from streaming were partially offset by continued declines in digital downloads. In 1H 2019, revenues from this method of acquisition dipped 18 percent to just $462 million. The RIAA said individual track sales were down 16 percent while digital album sales fell 23 percent year-over-year.

    Earnings from vinyl album sales grew 13 percent in the half to $224 million – impressive for the medium and era but still only accounting for four percent of total revenues in 1H 2019. Total net revenues from physical products sold reached $485 million, a modest increase of five percent compared to the previous year.

    Masthead credit: Studio mixing desk by Brian A Jackson

    Permalink to story.

     
  2. QuantumPhysics

    QuantumPhysics TS Evangelist Posts: 1,581   +1,177

    As long as Frostwire exists, I'm not paying for Netflix or buying any music I can't get through Sirius XM.

    Last download I had was "Sticks and Stones"
     
    Dimitrios likes this.
  3. Ivangela

    Ivangela TS Rookie Posts: 20

    So you're a pirate.
     
    NimbusTLD likes this.
  4. H3llion

    H3llion TechSpot Paladin Posts: 1,707   +448

    Spotify is amazing, I used to be like yourself, downloading music. Honestly, Spotify is just too great. Sometimes my time > money. So, in Spotifys case, it has freed up A LOT of time and improved my music listening experience.

    Netflix? I get it. I have it, but still use Popcorntime/21:9 torrents.
     
    poohbear, p51d007 and NimbusTLD like this.
  5. NimbusTLD

    NimbusTLD TS Addict Posts: 101   +81

    I buy all my music on Bandcamp. I like to directly support the people who create music I love.
     
    psycros likes this.
  6. p51d007

    p51d007 TS Evangelist Posts: 2,056   +1,319

    I love spotify. The "your daily playlist" after a while, gets pretty darn good. And, I've discovered some really new stuff that they NEVER play on FM radio, which is more interested in commercials, talking and playing the same 10 songs over and over and over again.
     
  7. Dimitrios

    Dimitrios TS Guru Posts: 527   +393

    CINEMA app is great for movies and shows. They literally have everything.

    FROSTWIRE ahhhh the old days. Is that stuff still loaded with viruses and $hit? I use to look at the download file length to see if it's safe & legit.
     
  8. poohbear

    poohbear TS Evangelist Posts: 326   +227

    Meh, as another poster mentioned time is more important than money for me from my late 20s on. In my early 20s I'd spend quite a bit of time downloading and searching for high quality movies....now I'm guaranteed that by netflix & spotify for a very reasonable monthly subscription (spotify's family account is only $14.99/mth! Thats $4/mth per person).
     
  9. toooooot

    toooooot TS Evangelist Posts: 950   +453

    I had deezer for some time now. But as I got all the HiFi music, now it is time to say good by to the new friend and go back to my new collection of flacs and high bit rate mp3s
     
  10. Underdog

    Underdog TS Addict Posts: 111   +61

    Interesting to note the mention of vinyl sales at $224 million. With the pricing level of reissue vinyl being so high for shoddy quality it has provoked new interest in secondhand original pressings. Shame it has affected the prices there upwards to extreme levels.
     
  11. fluffydestroyer

    fluffydestroyer TS Booster Posts: 104   +44

    I feel like a grampa with my music (mostly 70-80's classic rock cause I can't stand todays ****) on my cell phone lol
     

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