The org’s shipment analysis now includes info from music subscription services, in-store kiosks, music videos sold online and mobile phone master ringtones, in addition to a la carte digital downloads.
RIAA Chairman/CEO Mitch Bainwol decided the glass was half-full.. of digital milk: “The music community has pivoted hard to the digital age, and fans are the true beneficiaries. We have transformed the way we do business and deliver music to consumers. The ways fans can enjoy music—and the ways the industry can recognize a return on its investment—have never been greater: download and subscription services, mobile phone content, enhanced value CDs, burn-on-demand kiosks, digital radio services. We are working hard to deliver consumers the music they love in the formats they want.
“At the same time, we recognize the very real challenges that continue to plague our ability to invest in the next generation of music. The Supreme Court's unanimous Grokster decision was extraordinarily meaningful, but the theft of music in its various forms continues to exact a heavy price. The emergence of new digital radio platforms, while exciting and holding great potential, present new challenges if allowed to morph into download-like services without commensurate compensation.”
The 2005 statistics are supplied by PricewaterhouseCoopers, LLP to the RIAA and are broken down by U.S. music shipments from record companies to retail outlets and by all U.S. music shipments from record companies (including retail shipments and direct-to-consumer sales and special markets).
A detailed breakdown of these statistics and more can be found at www.riaa.com or here.
MUSIC REVENUE TOPPED $17B IN 2023: RIAA
Streaming subscriptions lead the charge. (3/27a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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