Recorded-Music Revenues Climbed 27% — And Vinyl Sales Skyrocketed 94% — in First Half of 2021, Per RIAA

Recorded music revenues in the U.S. grew 27% in the first half of 2021 over 2020, according to the’s mid-year report. Paid subscriptions continued to be the strongest contributor to growth, comprising nearly two-thirds of total revenue, and more than 80 million paid subscriptions for the first time. Revenue rose from $5.6 to $7.1 billion at retail value. At wholesale value revenues rose 25% from $3.7 billion in the first half of 2020 to $4.6 billion in the same period of 2021.

Streaming accounted for 84% of all revenues, up 26% year over year to $5.9 billion due largely to new licensing deals with companies like Facebook and digital fitness apps like Peloton. Paid streaming subscription revenue totaled $4.6 billion — also up 26% — and accounted for 78% of overall revenues. Paid subscriptions for on-demand music services grew 13% to a record 82.1 million in the U.S., up from 72.6 million over the same period in 2020.

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