Recorded music revenues in the U.S. in 2022 continued to grow for the seventh consecutive year. Total revenues grew 6% to a record high $15.9 billion at estimated retail value. Streaming continued to be the biggest driver of growth with record levels of engagement in paid subscriptions, continued growth in ad-supported format revenues, and growing contributions from new platforms and services. Streaming grew 7% to $13.3 billion, and comprised 84% of revenues in 2022. The number of paid subscriptions to on-demand music services grew 10% to reach a new high, averaging 92.0 million in 2022, versus 84.0 million the prior year. At wholesale value revenues grew 5% and exceeded $10 billion for the first time ever.
Download the full report here.
Georgia Insider is now open.
Georgia Insider is a private community for the executives, founders, creators and leaders shaping Georgia’s creative and innovation economy. Subscribers receive Insiders PLUS, access to community conversations, event opportunities and original content, with deeper access available through Executive Membership.
Start your journey today.
Staying Connected with Georgia Entertainment.
Follow us on LinkedIn or Instagram. Subscribe to our newsletter.
Are you available to speak on panels, share at our events or contribute thought leadership via commentary or perspective? Contact us with your thoughts and ideas.
Indie Spotlight Signup
Sign up for our monthly newsletter highlighting independent creators based in Georgia.
