By CARLOS PASSAGE
In total, recorded music revenue in the United States grew by 6.1%, from $15 billion in 2021 to $15.9 billion in 2022.
That marks the seventh straight year of growth for the business.
Unsurprisingly, streaming accounted for the lion’s share of industry revenue. If the paid and free platforms are added, it reached 84%, that is, $13.3 billion.
The number of paid subscriptions in the United States. it reached 92 million, 9.6% more than the 84 million that existed in 2021.
THE FIGURES OF DOWNLOADS AND VINYL
Downloads continued to stumble, dropping 20% for both singles and albums.
Downloads contributed $495 million.
(In 2012, digital downloads accounted for 43% of overall industry revenue. Last year it was just 3%).
For the first time since 1987, vinyl outsold CDs. There were 41.3 million vinyls, compared to 33.4 million CDs.
In total physical revenue increased by 4% in 2022 and reached 1.8 million dollars, of which 1.2 million dollars came from vinyl. Meanwhile, CD revenue continued to decline despite the pandemic boost of a few years ago: $483 million.
Sync revenue (music sold for commercial use) also increased, up 24.8% to $382.5 million.
