Digital_MediaTV & Media

TV & Media

State of the U.S. Recorded Music Market

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Report Summary:

The recording industry in the U.S. has under gone a massive transformation over the past 20 years with consumers shifting away from owning their music to streaming music from free or paid services.While usage is fairly evenly split between free ad-supported services and paid services, revenue primarily comes from subscriptions. Overall, recorded music revenue in the U.S. is currently on pace to approach peak 1999 revenue in 2024.

This report examines usage trends among key user groups. In addition it examines different business models and use cases.  

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