Physical music sales fell from 52 percent of the US market in 2010 to just 9 percent in 2019.ĭigital downloads fell from 38 percent to just nine percent over the same period. That growth of music streaming has come at the expense of both physical retailers and digital download sales, both of which saw steep declines, according to a story in Variety. The streaming industry leader is currently Spotify, which earlier this year announced it had 113 million paying subscribers worldwide and 248 million monthly active users. Surprisingly, almost all of that growth came in the last four years, which saw more than 50 million new accounts added between 20. There are currently 61.1 million paid subscriptions to music streaming services in the US, a staggering increase from just 1.5 million in 2010. That's the conclusion reached by the Recording Industry Association of America, which has released a number of key insights and statistics from its upcoming year-end report on the state of music. The music industry in the US has been almost completely taken over by streaming services, which now account for 80 percent of overall revenue. Music streaming services including Spotify now account for 80 per cent of the US market Your Genres/Topics: How music and podcast genres set you apart based on your listening habits. Your Time of Day: The music and podcast content you listen either early in the morning or late at night.Ħ. Your Song Year: How you’ve musically traveled through different time periods.ĥ. For example, who else would play “Greta Van Fleet” right after “Olivia Rodrigo?”Ĥ. Your Artist Pairs: The unique audio pairings that you’ve listened to recently, showing your range of listening interests.
Once selected, Spotify will create a personalised Spotify Mix for each artist to set the mood.ģ. Your Dream Dinner Party: The three artists you’d invite to the dinner party of your dreams.
Sun: the top artist you listened to over the last six months, Moon: an artist you listen to that best shows your emotional or vulnerable side, and Rising: an artist you’ve recently connected with.Ģ. Your Audio Birth Chart: Brought to life through the artists you listen to. The Only You in-app experience helps users discover:ġ. One of the options on Only You, 'Your Dream Dinner Party', picks music based on three hypothetical dinner guests
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