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U.S. Reaches 100 Million Paid Music-Streaming Subscribers

Discussion in 'Article Discussion' started by Melody Bot, Mar 19, 2025 at 9:42 AM.

  1. Melody Bot Mar 19, 2025 at 9:42 AM
    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.

    Variety, reporting on the RIAA’s 2024 data:

    For the first time, paid streaming subscriptions hit the 100 million mark in the U.S. last year, while vinyl sales continued their nearly two-decade resurgence with $1.4 billion in sales, according to Recording Industry Association of America’s annual recorded-music revenue report.

    Despite that milestone, streaming growth continues to slow — it was up just 4 million for the year, continuing a slowing trend over the past five years.

    And:

    Meanwhile, vinyl’s 18th straight year of growth scored nearly three-quarters of physical format revenue at $1.4 billion — the highest since 1984. For the third consecutive year, it outsold CDs, shipping 44 million vinyl records compared with 33 million CDs.

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  2. Frank Lapidus Mar 19, 2025 at 12:26 PM
    Frank Lapidus

    Regular Supporter

    Even though the number continues to decline, I'm still always shocked at how many CDs are still sold each year.
     
    Dying_ambiance, disambigujason and falafelmywaffle like this.
  3. AlwaysEvolving21 Mar 19, 2025 at 7:47 PM
    AlwaysEvolving21

    Trusted Supporter

    Love the convenience of streaming, hate the lack of ownership of my library. Same goes for streaming movie and tv apps. Even though I love the convenience and access to content, it becomes overwhelming as I find myself constantly feeling the need to have something on as much as possible. Christ, my AirPods might as well be my third arm :crylaugh:.

    However, over the past year, I've purchased more physical media than I have over the past decade. It feels good. It feels practical. It feels more intentional. Its such a different experience that I don't think streaming will ever be able to compete with it from that sense.

    #BringBackVideoRentalStores
     
    Murph and Frinet42 like this.