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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Record label income in the U.K. grew by 7.3% in 2019 to hit nearly £1.1b, marking the fourth consecutive year of growth, according to figures from the BPI. Cash earned from streaming rose by 21.8% to represent nearly 60% of the market at £628.9m.
British record labels earned £1.07b from the sale of music last year—the highest trade income since 2006 when the combined total was £1.166b.
Subscription streaming revenues grew 21.7% in 2019 to £568.8m (90% of the streaming pie) while ad-supported rose 29.7% to £24.7m (4%). Video streaming was up 18.8% to £35.3m (6%).