Vinyl jumps 22%, recorded music revenue up 9% says RIAA Mid-Year Report
U.S. recorded music revenue growth continued rising 9% to $7.7 billion in the first half of 2022, according to a new RIAA Mid-Year Report.
The number of paid streaming subscriptions grew to a record high of 90 million, with revenues up 10% to $5
billion and comprising almost two-thirds of the first half total.
Overall streaming music revenue, including subscriptions, ad-supported services, digital and customized radio, and
licenses for music on social media and digital fitness apps, grew 10% to $6.5 billion in the first half of 2022, or 84% of all recorded music revenue
Revenue from vinyl album sales continued its impressive climb rising 22% to $570 million, with vinyl’s share of
the physical music market increasing from 68% to 73%.
Revenues from CDs fell just 2% to $200 million and accounted for 26% of physical revenues.
Download a pdf of the full RIAA 2022 Mid-Year Report here.
Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is the Founder and President of the Skyline Artists Agency and a professor for the Berklee College Of Music.