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RIAA Share Mid-Year Revenue Report

Discussion in 'Article Discussion' started by Melody Bot, Sep 18, 2023.

  1. Melody Bot Sep 18, 2023
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    The RIAA have released the 2023 mid-year report:

    In the first half of 2023, recorded music revenues continued to set new milestones and reflect the results of more than a decade of industry transformation. Total revenues grew 9.3% at estimated retail value to an all-time first half high of $8.4 billion. At wholesale value, revenues grew 8.3% to $5.3 billion. Paid subscriptions continued to be the strongest driver of revenue growth, increasing by more than $550 million and averaging nearly 96 million subscriptions during the period.

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  2. fredwordsmith Sep 18, 2023
    fredwordsmith

    Trusted Supporter

    So how come every artist except the top 5% is basically starving?

    (I know the answer but fucking hell, this is bleak)
     
    Raku likes this.