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. more Not all embedded content is displayed here. You can view the original to see embedded videos and other embedded content.
So how come every artist except the top 5% is basically starving? (I know the answer but fucking hell, this is bleak)