Music subscribers paid in the United States cross 100 million points for the first time
The United States has crossed the 100 million subscriber brand for musical streaming services for the first time last year, according to a new report The Record Industry Association of America (RIAA).
The subscriber number was up 96.8 million in 2023, with an annual growth of approximately 3%. The Riaa report indicated that these figures update limited level services – which have restrictions on access to devices and catalog availability limits – and include multi -user subscriptions (such as family plans) as one.
According to data from Digital music newsSpotify dominates the American market with a market share of 36%, followed by Apple Music with 30.7%. Spotify has 55 million subscribers paid in the country, according to A Bloomberg report Published in January – Unlike Riaa metrics, Spotify probably breaks down multi -user subscriptions.
Streaming income represented a massive piece of total musical income – 84% in 2024. Revenues of $ 14.9 billion from paid subscriptions, services funded by advertising, digital radio and social media platforms and digital fitness applications. The next big driver of musical income was physical copies of sales, which represents 11% of total income.
The report noted that income from paying subscriptions jumped 5% in annual shift with $ 11.7 billion, which has 79% of overall streaming income.
In recent years, all services, including Spotify,, Music apple,, And youtube, have increased prices for their subscriptions. This could also be a factor contributing to the increase in income thanks to paid subscriptions.
