Music services were responsible for 75% of the industry’s revenues in the first half of this year

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Now we’re in the second half of 2018, so this is the time for the Association of the music industry of America well-known acronym in the name of the RIAA to publish its report on the status of the music market in the first half of this year. According to the report published by the Association the RIAA, they have grown revenue in the first half of this year increased by 10 percent compared with the same period last year of $ 4.2 billion to 4.6 billion USD, and this is thanks to the growing popularity of music services and the number of participants.

According to the Association of the RIAA, has revealed that 1 million new users say they engage in music services during each month, the growth rate is enormous compared to any other class of business in the field of music. It is not surprising to find the report says that the proceeds from the songs downloadable songs the actual down from $ 765 million in the first half of last year to $ 562 million in the first half of this year when it comes to revenues from digital songs, while the decreased sales of CDs increased by 41 percent, although the Albums Vinyl Records have increased by 13 percent for some reason.

Said Mitch Glazier, president of the Association of the RIAA that growth has been achieved despite a licensing system songs unfair, he also said that he had been issued 70 about the different between January and June only. Given the trends that are followed by the currently, more users will turn to music services such as Spotify and the Apple Music service and Pandora and DeeZer and Youtube Music instead of resorting to the means of listening to traditional songs such as CDs.

 

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