Streaming now makes up 80 percent of the US music market
RIAA reported that streaming rose from 7 percent of the US music market in 2010 to 80 percent in 2019
In a series of 'Decade's Ends' tweets, the Recording Industry Association of America (RIAA) revealed that streaming now makes up a staggering 80 percent of the US music market, up from 7 percent in 2010.
The organisation also found that paid streaming music subscriptions, such as Apple Music and Spotify, grew from 1.5 million in 2010 to 61.1 million in 2019.
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While overall physical sales (CDs, vinyl, downloads) sunk from 52% at the decade's start to 9 per cent in 2019, a graph published by the organisation revealed that vinyl album revenues in the US had grown from over $50 million in 2009 to just under $450 million by 2018.
Check out the graphs below for a full breakdown of the decade's music market trends, according to the RIAA.
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[Via: RIAA Twitter]
James Ball is Mixmag's Weekend Editor. Follow him on Twitter
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