RIAA Publishes 2016 Shipment & Revenue Statistics

April 4, 2017

News and Notes on 2016 RIAA Shipment and Revenue Statistics

Estimated retail revenues from recorded music in the United States grew 11.4% in 2016 to $7.7 billion. The primary driver of that growth was a doubling of paid streaming music subscriptions which helped the American music business experience its biggest gain since 1998. At wholesale values, the industry was up 9.3% to $5.3 billion. Although our 2016 revenue report catalogues substantial overall improvement for the industry, revenues are still only about half what they were in 1999, and revenues from more traditional unit-based sales (physical products and digital downloads) continued to decline significantly.

Source: Recording Industry Association of America

You can download the full report here.

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