By Carlos Passage
Revenue from recorded music in the world reached $28.6 billion in 2023, an increase of just over 10% compared to the previous year.
How much did it rise in the United States alone?
7.7% in 2023 compared to the previous year, reaching a maximum of $17.1 billion.
Within this headline figure, $14.4 billion (or 84%) comes from paid and free streaming
There are already 96.8 million paid subscribers on the platforms.
PHYSICAL SALES
Sales of physical albums in the United States alone reached $1.91 billion in 2023.
Vinyl: $1.35 billion in revenue (43.2 million units sold)
CDs: $537 million (37 million units)
OTHER FIGURES
Siriux XM (digital radio) and SoundExchange (digital performance royalties) industry payment: $1.3 billion.
Synch (music used in movies, TV and radio commercials): $411 million
Downloads: $434 million
