The Recording Industry Association of America (RIAA) reports in the first half of 2017, growth in revenues from music subscription streaming services continued to offset declines in traditional unit based sales. Estimated retail revenues from recorded music in the United States grew 17% in the first half of 2017 to $4.0 billion. At wholesale value, the industry was up 14.6% to $2.7 billion. This growth reflects a continuation of the trends from 2016, but overall market revenues are still significantly below the levels they were in 1999.
View Joshua P. Friedlander, Senior Vice President, Strategic Data Analysis, RIAA full report HERE